Sale

16 Borrack Square
ALTONA NORTH, VIC 3025

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Property Description

Superb Renovated Freehold Investment With Upside

Fitzroys is delighted to offer a superb double storey renovated freehold investment with upside located at 16 Borrack Square, Altona North via Private Sale by Deadline Date closing on Thursday the 10th of December at 3pm.

Key features include:

  • Located in Melbourne's surging inner west
  • Centrally positioned within Borrack square’s bustling commercial precinct servicing the emerging and growing residential catchment
  • Recently renovated and immaculately presented building
  • Depreciation benefits
  • Rare fully leased investment opportunity in a tightly held location
  • Four tenancies spread across two storeys allowing for multiple income streams
  • Returning $107,700 per annum plus outgoings and GST
  • Tenants pay all outgoings in accordance with the lease
  • Value add potential with planning permit and endorsed plans in place for first floor extension
  • Wide dual street frontage to Borrack Square and Duke Street with separate access via Duke Street
  • Conveniently located adjacent occupiers such as Woolworths, CBA Bank, Bakers Delight, Chemist Warehouse, Australia Post, TAB, BWS, Millers Inn and supported with excellent car parking
  • Highly sought after opportunity in inner western location experiencing rapid growth and excellent prospects for future capital appreciation

Summary:

Shop 1- Florist 6 + 5 year lease Fixed annual increases and market review at commencement of further term

Shop 2- Nail & Beauty Salon 7 + 5 year lease Fixed annual increases and market review at commencement of further term

Level 1, suite 1 & 2- Private Office 1 year lease

SALE VIA DEADLINE DATE CLOSING THURSDAY THE 10TH OF DECEMBER AT 3PM

*approx

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Consultant

Ervin Niyaz

M: 0404 808 327
E: niyaze@fitzroys.com.au

Shawn Luo 罗霄

M: 0412 338 918
E: luos@fitzroys.com.au

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Property Information

Property ID
127768

Price
Contact Agent

Building
347.00m2

Land
240.00m2