phone +61 3 8566 7633

Property Details - High Return New Cafe Investment - Stellar position in Millers Junction Shopping Centre opposite Bunnings, Aldi, Officeworks & JB Hi Fi

For Sale

High Return New Cafe Investment - Stellar position in Millers Junction Shopping Centre opposite Bunnings, Aldi, Officeworks & JB Hi Fi

1, 21 Lobelia Dr, ALTONA NORTH, VIC 3025

Property ID: 1657
Type: Investment (Retail)
Price: $765,000
Rent: $50,715
Building: 153m²
Land: 153m²

PROPERTY DESCRIPTION

New cafe in rapidly expanding shopping centre
- 153m2 + 4 car spaces on title
- Going concern - no GST payable on purchase
- High rental return in excess of 6.60%pa net
- Freehold sale subject to new lease to experienced cafe operator
- 6+5+5+5 year lease term commencing 1/11/2016
- Annual rental income 50,715 + GST + outgoings
- Security deposit $26,950
- 3.5% annual rental increases
- Significant tax depreciation savings available on new premises
Contact glyn bosisto on 0414 304 580 for more details or to arrange inspection


Microsite: http://bosistoproperty.com.au/millersjunction

COMPONENTS

NAME NABER'S BUILDING LAND RENT (p.a.) PRICE
Cafe Investment N/A 153m2 (Inc 4 car spaces) 153m2 $50,715 $765,000
Hint: Slide table sideways to view all information.

ADDITIONAL INFO

FEATURES
Occupancy Vacant
Zoning Commercial 2
Commenced 1/11/2016
Yield ---
Lease Term 6 + 5 + 5 + 5
Bonds / Guarantees ---
Rent Review 3.5% pa then market
Car Spaces 4 on title
Wheelchair ---
OUTGOINGS
Outgoings Payable By Lessee
COMMENTS

PROPERTY OVERVIEW
Property ID: 1657
Type: Investment (Retail)
Price: $765,000
Rent: $50,715
Building: 153m²
Land: 153m²
AGENT DETAILS
  • Glyn Bosisto

    P: 03 8566 7633
    M: 0414 304 580

  • Mark Charlton

    P: 03 8566 7633
    M: 0430 464 270

ENQUIRE NOW

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