1. Home
  2. »
  3. Sold Properties
  4. »
  5. Rare Tullamarine Offering - 3 Retail Investments. 1 Title

Shops 1-3/191 Melrose Drive, TULLAMARINE VIC, 3043

Sold
https://dduaaywsz-res-3.cloudinary.com/image/upload/v1570003572/cxgmhjwvarrssbi67vyq.jpg

Property Sold in Shops 1-3/191 Melrose Drive, TULLAMARINE VIC, 3043

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11312422
Status:
Sold
Last Updated:
02/10/2019
Icon building

Property Type

Retail
Icon square

Land Area

587 SQM
Icon size

Floor Area

450 SQM
Icon parking

Parking

N/A

Rare Tullamarine Offering - 3 Retail Investments. 1 Title

CVA Property Consultants are pleased to offer Shops 1, 2 & 3, 191 Melrose Drive, Tullamarine for sale as one via Auction on Friday 14th September 2018 at 12pm on-site. 

Positioned within a popular retail strip on Melrose Drive, the site is situated on a total land area of 587m2* with each shop featuring a building area 150m2* and excellent frontage to Melrose Drive. 

Offered for the first time in over 40 years, these retail investments will provide the astute investor with three income streams totaling $76,480.08 p.a. net.

Shop 1
Tenant: Admore Realty Pty Ltd (Real Estate Agency)
Current Return: $25,261.68 p.a. net
Commencement: 1st June 2016
Term: Five (5) years + Five (5) years
Reviews: Annual to CPI

Shop 2
Tenant: Graywood Meadows Pty Ltd (Newsagency)
Current Return: $27,536.76 p.a. net
Commencement: 1st May 2015
Term: Five (5) years + 3 further terms of five (5) years
Reviews: Annual 3%

Shop 3
Tenant: Jian N Chen & Mei N Chen (Chinese Restaurant)
Current Return: $23,681.64 p.a. net
Commencement: 1st January 2016
Term: Five (5) years. No further options
Reviews: Annual to CPI

For further information please contact CVA Property Consultants.

*approx

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


More properties from CVA Property Consultants Pty Ltd
Sold or Leased
ROWVILLE VIC, 3178

ROWVILLE VIC, 3178

Industrial/Warehouse
Sold
1.11/203-205 Blackburn Road, MOUNT WAVERLEY VIC, 3149

1.11/203-205 Blac...

Offices
Sold or Leased
403/434 St Kilda Road, MELBOURNE VIC, 3004

403/434 St Kilda ...

Offices
Leased
12/35-37 Dunlop Road, MULGRAVE VIC, 3170

12/35-37 Dunlop R...

Industrial/Warehouse
Leased
6/47-51 Little Boundary Road, LAVERTON NORTH VIC, 3026

6/47-51 Little Bo...

Industrial/Warehouse
Leased
26 Westside Drive, LAVERTON NORTH VIC, 3026

26 Westside Drive...

Industrial/Warehouse
More properties from Tullamarine
Leased
7 Fellowes Court, TULLAMARINE VIC, 3043

7 Fellowes Court,...

Industrial/Warehouse
Leased
6 Hercules Street, TULLAMARINE VIC, 3043

6 Hercules Street...

Industrial/Warehouse
For Lease
40 Lillee Crescent, TULLAMARINE VIC, 3043

40 Lillee Crescen...

Industrial/Warehouse
For Lease
24/189 South Centre Road, TULLAMARINE VIC, 3043

24/189 South Cent...

Land/DevelopmentOffices
Leased
Lot 2/124-128 Mickleham Road, TULLAMARINE VIC, 3043

Lot 2/124-128 Mic...

Medical/Consulting
Leased
47-51 Lillee Crescent, TULLAMARINE VIC, 3043

47-51 Lillee Cres...

Industrial/Warehouse
Loading...