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Auction - Prime Footscray Retail Investment - Leased to RAMS Home Loans

238 Barkly St, FOOTSCRAY, VIC 3011

Sale History ID: 659
Property ID: 1725
Type: Investment(Retail)
Price: Contact Agent
Rent: $45,427
Building: 170m²
Land: 170m²

PROPERTY DESCRIPTION

PREMIUM RETAIL INVESTMENT OPPORTUNITY

• Outstanding opportunity to acquire an exceptional retail investment property
• Lease to major tenant RAMS Home Loans branch office
• 3+2 year lease with annual rent increases of 4%
• Current annual net rental $45,427


• High volume foot traffic in AAA retail strip


• Located in heart of Footscray on Barkly Street
• On site secure car parking on title for 1 car
• Rear access to secure car parking
• Self contained inc amenities & kitchenette
• Close proximity to train station & markets
• Footscray Activity Centre Zoning
• 1 of 3 shops to be auctioned individually - refer to 238 & 234 Barkly St
• Investment report & contract/sale documentation available upon request
• Open for inspection Wednesdays 12.30 - 1.00 pm or by appointment

COMPONENTS

NAME NABER'S BUILDING LAND RENT (p.a.) PRICE
Retail Shop [SOLD] N/A 170m2 (inc 1 car space on title) 170m2 $45,427 Contact Agent
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OTHER SALES & LEASING RESULTS

There are no other sales & leasing results recorded for this property.

ADDITIONAL INFO

FEATURES
Occupancy Tenanted: Rams Home Loans
Zoning Activity Centre Zone
Commenced December 2016
Yield TBA
Lease Term 3 + 2 years
Bonds / Guarantees 3 Months Security Deposit
Rent Review 3.5% annual
Car Spaces 1 car space on title
OUTGOINGS
Outgoings Payable by Lessee
COMMENTS

PROPERTY OVERVIEW
Sale History ID: 659
Property ID: 1725
Type: Investment(Retail)
Price: Contact Agent
Rent: $45,427
Building: 170m²
Land: 170m²
AGENT DETAILS
  • Glyn Bosisto

    P: 03 8566 7633
    M: 0414 304 580

  • Tom Davis

    P: 03 8566 7633
    M: 0419 207 803


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