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Retail Investment with Dual Income Stream

Tenancies 1-2 & 3-4/269 Robinsons Road, RAVENHALL VIC, 3023

Sold

Property Sold in Tenancies 1-2 & 3-4/269 Robinsons Road, RAVENHALL VIC, 3023

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11269925
Status:
Sold
Price:
Sale: $2,650,000 Lease: $171,915 Annual + Excl. tax
Last Updated:
02/10/2019
Icon building

Property Type

Retail
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Land Area

2224 SQM
Icon size

Floor Area

425 SQM
Icon parking

Parking

N/A

Retail Investment with Dual Income Stream

CVA Property Consultants are pleased to offer an exciting investment opportunity known as Tenancies 1-2 & 3-4, 269 Robinsons Road, Ravenhall via Deadline Sale NOW CLOSED.

Situated on a total site area of 2,224m2* the property accommodates 55 customer car spaces and a combined building area of 425m2*. 

Providing an attractive combined rental income of $171,915.50 per annum net (from December 2017), the investment can be summarised as follows;

Tenancy 1-2 - R & Mannat Pty Ltd (Memories of India)
 - Rental Return: $86,528.00 per annum net (from December 2017)
 - Commencement Date: 14 December 2015
 - Lease Term*: Six (6) + Five (5) years
 - Reviews: 4% annually. Market review at option
 - Building area: 217m2*

Tenancy 3-4- De Lacey Investments Pty Ltd (The Eating Station)
 - Current Rental: $85,387.50 per annum net
 - Commencement Date: 1 March 2016
 - Lease Term: Ten (10) + Five (5) + Five (5) + Five (5) years
 - Reviews: 3.5% annually. Market review at option
 - Building area: 208m2*

The high profile site is located 22km* west of the Melbourne CBD at the entrance of  Pellicano's Orbis Business Park and sits opposite a large scale residential catchment area .  This convenient location is 1.5km* from Western Freeway and associated linkage to the Western Ring Road.

For further information please contact CVA Property Consultants.

* Please refer to tenancy schedule.

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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