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Secure Retail Investment’

1351 Burke Road, KEW VIC, 3101

Sold

Property Sold in 1351 Burke Road, KEW VIC, 3101

Belle Property Commercial South Melbourne

First Floor, 170 Dorcas Street, South Melbourne, VIC 3205

Listing ID:
11347499
Status:
Sold
Price:
Contact Agent
Last Updated:
05/12/2019
Icon building

Property Type

Retail
Icon square

Land Area

240 SQM
Icon size

Floor Area

370 SQM
Icon parking

Parking

N/A

Secure Retail Investment’

Located opposite the iconic Bocaccio Cellars in the busy Stradbroke Shopping Strip near the corner of Burke Road and Harp Road, this expansive 2 level property has its own proud history trading as a bicycle shop for more than 25 years.

Key features:

• Rent: $50,000 per annum net plus GST
• Renewal of Lease: 3 years commencing 1st August, 2019
• Further term: 3 years
• Rent review: Annual 3% increases and a review to market value upon the commencement of the Further Term
• Retail tenancy area: 120 sqm approx
• Functional workshop and storage areas
• Total Building area: 370 sqm approx
• Land area: 240 sqm approx
• Rear under croft parking and rear access
• ROW access from Harp Road
• Zoned Commercial 1
• Blue-chip suburb, well established local shopping precinct

Terms: 10% Deposit. Balance payable within 60/90 days
Inspection by appointment:

Contact Agents:
Nick Mavrodoglos 0402 318 825
Daniel Roccisano 0428 839 739
Charles Carty 0438 277 050

For more details, please email agent

Belle Property Commercial South Melbourne

First Floor, 170 Dorcas Street, South Melbourne, VIC 3205


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