» »
Prized Retail Investment - Leased to Bendigo Bank

Ground Floor/242 Union Road, ASCOT VALE VIC, 3032

Sold

Property Sold in Ground Floor/242 Union Road, ASCOT VALE VIC, 3032

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11353901
Status:
Sold
Price:
Sale: $1,000,000 Lease: $47,895 Annual + Excl. tax
Last Updated:
26/08/2019
Icon building

Property Type

Retail/Retail
Icon square

Land Area

N/A
Icon size

Floor Area

131 SQM
Icon parking

Parking

N/A

Prized Retail Investment - Leased to Bendigo Bank

Situated in the heart of Union Road Ascot Vale, this ground floor retail investment currently leased to Bendigo Bank will be offered for Private Sale. 

Featuring a generous layout with open plan reception/office, 2 partitioned offices, ducted heating & cooling, staff amenities and kitchenette. The property is further enhanced by a 6 metre* frontage to Union Road and ROW rear access via The Parade.

Recognised as Australia's 5th largest retail bank, the Bendigo Bank is listed in the top 70 ASX listed companies with more than 110,000 shareholders and 1.7 million customers in over 500 communities.

 Investment Summary;
 - Tenant: Flemington Financial Services Ltd T/A Bendigo Bank Flemington
 - Rent: $47,895.00 per annum plus GST plus outgoings as per lease
 - Term: Four (4) years plus two further terms of four (4) years
 - Commencement: 1st May 2018
 - Reviews: Annual 3%

Property Summary:
 - Total building area: 131m2* over two titles
 - Rear ROW via common access
 - On-site parking for 2 vehicles (not on title)
 - Commercial 1 Zone
 
Superbly positioned in well-known Union Street which is readily developing into a trendy retail, cafe and commercial strip, the property is located under 5km* from the Melbourne CBD and is further supported by the No. 57 tram which runs along Maribyrnong, Union and Epsom Roads. 

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
Unit 1/35 East Derrimut Cresent, DERRIMUT VIC, 3026

Unit 1/35 East De...

Industrial/Warehouse
Leased
6 Norwest Avenue, LAVERTON NORTH VIC, 3026

6 Norwest Avenue,...

Land/Development
Sold
9/15-17 Jesica Road, CAMPBELLFIELD VIC, 3061

9/15-17 Jesica Ro...

Industrial/Warehouse
Sold or Leased
ROWVILLE VIC, 3178

ROWVILLE VIC, 3178

Land/Development
Leased
10 Alfred Street, BLACKBURN VIC, 3130

10 Alfred Street,...

Industrial/Warehouse
Sold
362 - 364 Nepean Highway, FRANKSTON VIC, 3199

362 - 364 Nepean ...

Land/DevelopmentMedical/ConsultingOffices
More properties from Ascot Vale
Leased
3/148 Epsom Road, ASCOT VALE VIC, 3032

3/148 Epsom Road,...

Offices
For Lease
407 Mount Alexander Road, ASCOT VALE VIC, 3032

407 Mount Alexand...

RetailOffices
Sold or Leased
2/106-116  Union Road, ASCOT VALE VIC, 3032

2/106-116 Union ...

Medical/ConsultingOfficesRetail
Sold
4/286-292 Mount Alexander Road, ASCOT VALE VIC, 3032

4/286-292 Mount A...

OfficesShowrooms/Bulky Goods
Leased
242 Union Road, ASCOT VALE VIC, 3032

242 Union Road, A...

RetailOffices
For Lease
436 Mount Alexander Road, ASCOT VALE VIC, 3032

436 Mount Alexand...

RetailMedical/ConsultingOffices
Loading...