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Impregnable Purpose Built IGA Supermarket Building.

1/115 Railway Parade, SEAFORD VIC, 3198

For Sale

Property for Sale in 1/115 Railway Parade, SEAFORD VIC, 3198

For Sale For Lease

5/29-30 Grattan Street, Prahran, VIC 3181

Listing ID:
11353200
Status:
Active
For:
Sale
Price:
Sale: $2,050,000
Last Updated:
19/01/2020
Icon building

Property Type

Retail
Icon square

Land Area

300 SQM
Icon size

Floor Area

300 SQM
Icon parking

Parking

N/A

Impregnable Purpose Built IGA Supermarket Building.

Built in 2011 this ground floor retail shop has had one excellent tenant. The lease extends for a further 19 years on CPI. The building has numerous features in the construction specifically for the IGA tenancy. There is no competing alternative venue available for the tenant to relocate. The building has no maintenance cost as there is no external roof, fences or walls to require repair. The tenant is responsible for all outgoings. Rent is clear to the landlord. The suburb is rapidly continuing to increase in desirability and value. Dual occupancy subdivision is increasing affluence, adult customer base and land value. The FREEHOLD only is advertised here. Any questions concerning the IGA Business should be made to the tenant directly. This is a very unique and rare opportunity as the vendor is the developer who foresaw the value which would occur for this venture. Many years were spent considering this and all the anticipated community development and improvement is proceeding. In summary a secure asset backed by a reliable income from a quality tenant.

For more details, please email agent

For Sale For Lease

5/29-30 Grattan Street, Prahran, VIC 3181


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