SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

High Exposure Freehold Investment

196 Warrigal Road, Oakleigh VIC

Property Highlights

Renewed 7 Year Lease to 2027
Prime North & Warrigal Rd Intersection
Tenant pays usual outgoings
Register to Bid

Description

+ Renewed 7 Year lease to Aug 2027 plus options to 2041
+ Lease to successful and longstanding tenant, same location for 10+ years
+ 250sqm well presented 2 level building with high quality capital intensive 2020 new fit-out
+ Prime 137sqm site with premium commercial 1 zoning
+ Irreplaceable position at the intersection of Warrigal Road and North Road
+ Fixed 2.5% rent increases
+ Tenant responsible for usual outgoings
+ Single tenant minimum management investment
+ Oakleigh: 2km from Chadstone Shopping Centre and 15km from the Melbourne CBD
+ Net income: $62,995 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
137 SQM
Building Area
250 SQM

Contact Agents

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