Government Leased Investment In Brand New State Of The Art Building

Fitzroys is pleased to offer a contemporary investment located within the thriving inner south west suburb of Newport for sale by Expressions of Interest closing Wednesday 9th November at 3pm.

Key investment features include:

• Two impressive ground floor shops offered together
• Combined building area of 220sqm*
• Includes 3 car parks on title
• Commanding frontage of over 21 metres* to busy Melbourne Road
• Positioned on the ground level of a brand new state of the art 5 level development “The New”, encompassing 34 apartments and 4 shops
• Secure new 3 x 3 x 3 year lease to Commonwealth of Australia
• Returning $130,095 per annum plus GST
• Fixed annual rental increases
• Excellent tax depreciation benefits
• Only 170 metres* to Newport Railway Station plus direct access to Mason Street bus interchange
• In close proximity to notable tenants including 7-Eleven, Beaurepaires, IGA Supermarket, Cellarbrations along with well-regarded local cafes, eateries and amenities
• Only 7km* to Melbourne’s CBD with immediate proximity to major transport linkages
• Unmissable opportunity to acquire a well leased investment with strong prospects for future capital appreciation

For further details or an inspection please contact Erin Niyaz or Chris Kombi

*approx.