Immaculate Investment with New 7 year Lease to National Operator
Fitzroys is delighted to offer for sale this sensational high yielding investment opportunity located in the renowned Bayside shopping strip of Bay Street via Expressions of Interest closing on Wednesday 28th February at 2pm.
This highly exposed corner opportunity provides investors with the ultimate chance to acquire a sought after investment with the benefit of a long-term lease to recognised national spa/wellness operator.
The key attributes of this opportunity include:
- High profile ground floor retail premises of 218sqm including corner frontage of over 31 metres
- New secure 7 + 7 year lease to national tenant ‘Endota Spa’- over 100 locations across Australia
- Rent: $100,000* per annum plus GST and outgoings (November 2024)
- Brand new modern fit out incorporating retail area and multiple treatment rooms
- Off street parking for 5 cars
- Low land tax exposure and excellent potential tax depreciation benefits
- Proven position only metres from Coles Supermarket and a host of recognised operators including Aus Post, Chemist Warehouse, Coreplus, Dominos, Hotel Brighton, Rock Salt and more
- Abundance of public car parking available and ease of access to major arterials in Nepean Highway and Beach Road
Ground Floor, 447 Bay Street, Brighton presents an outstanding opportunity to acquire a brand new retail investment in a popular retail/lifestyle precinct.