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3/1050 Thompsons Road, CRANBOURNE WEST VIC, 3977

Sold
https://dduaaywsz-res-3.cloudinary.com/image/upload/v1606963421/hfhkkvkmqfutgr50fd31.jpg

Property Sold in 3/1050 Thompsons Road, CRANBOURNE WEST VIC, 3977

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11378734
Status:
Sold
Last Updated:
03/12/2020
Price:
Price on Request

Property Type

Retail/Other

Land Area

71 SQM

Floor Area

71 SQM

Parking

N/A

New Entry Level Commercial Investment, High Exposure Location!

+ Strategically positioned in Australia's fastest growing residential corridor, and benefits from outstanding exposure to both Thompson's Road and Evans Road.
+ 3 year lease plus option to 2025.
+ CPI annual increases.
+ Tenant pays all usual outgoings.
+ Newly 2019 constructed 71 sqm retail asset.
+ Abundant parking at shop front.
+ Single tenant minimum management.
+ Thriving precinct - Thompsons Gateway is an exciting, new mixed-use precinct comprising retail, commercial, office and warehouse/showroom spaces and housing tenants such as Commonwealth of Australia (Federal Minister), Cholas Indian Restaurant, Gym, Healthcare, Osteopath, Dentist, Hair Salon, Financial Services and Indian TV/Film Studio.
+ Thompsons Road is a major east-west corridor extending from EastLink in Carrum Downs to Berwick-Cranbourne Road in Clyde North. It is an essential freight and transport route used by approximately 26,000 vehicles a day. By 2030, the corridor is expected to be used by 55,000 vehicles a day. The Roads Corporation of Victoria (VicRoads) is carrying out the upgrade project in two stages.
+ Net Income $35,700pa (estimate March 2020).

For Sale by Private Treaty

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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