4/2-8 Burwood Hwy , Burwood East VIC 3151

Auction

• Wed 7 December @ 1:30PM 07/12/2016 01:30 PM 07/12/2016 01:30 PM Australia/Sydney Auction for 4/2-8 Burwood Hwy , Burwood East VIC 3151 4/2-8 Burwood Hwy , Burwood East VIC 3151 Ray White Ferntree Gully false DD/MM/YYYY

Auction

Corner Profile Retail Investment with long term tenant of 11 years

This boutique retail investment is located on corner of Burwood Highway and Middleborough Road and is part of the Burwood Heights Shopping Precint. Currently leased to Ultimate Hairworks and Beauty who have occupied the property for the past 11 years and are currently on a 3 + 3 + 3 year lease.Adjoining business's include Woolworths, Caltex service station and over 25 speciality retailers. Also being in close proximity to Middleborough road tram stop 66, makes this property an ideal investment.

Key property features include:-

- Tenant has occupied the premise for 11 years
- Current 3 + 3 + 3 year lease
- Building Area: 100 sqm*
- Rental returns of $34,700 pa net
- Commercial 1 Zone (C1Z)
- Annual rent increase of 3%
- Unlimited & free staff permit parking
- Prominent position within busy shopping district

Open Times:
Fri 25 Nov 2016 (12:00PM - 12:30PM)
Fri 02 Dec 2016 (12:00PM - 12:30PM)
Mon 05 Dec 2016 (12:00PM - 12:30PM)

Auction on site on Wednesday 7th December at 1:30pm.

Contact Paul Waterhouse or Stefanie Taylor for more information.

Property Details

• Type: Retail, Offices
• Tenancy: Tenanted
• Zone: Commercial 1 Zone (C1Z)