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5/191-193 Hull Road (Corner Manchester Road), MOOROOLBARK VIC, 3138

Sold
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Property Sold in 5/191-193 Hull Road (Corner Manchester Road), MOOROOLBARK VIC, 3138

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11312517
Status:
Sold
Last Updated:
26/05/2020
Price:
Price on Request
Icon building

Property Type

Retail/Land/Development/Offices
Icon square

Land Area

174 SQM
Icon size

Floor Area

174 SQM
Icon parking

Parking

N/A

Blue Chip Retail Investment Adjoining McDonalds

Secure 10 year lease to 2026 plus options to 2036
Director’s guarantee & three month security deposit in place
Fixed annual 3% rent increases
Tenant pays all usual outgoings as per the lease
Well presented 174 sqm high exposure corner building with rear access
Strategic retail position adjoining McDonald’s and five-ways intersection
Potential future development upside (STCA) with opposite corner building approved for two additional office levels
Inspirations Paint: Australia’s largest network of paint stores with over 100 stores across the country – strategic alliance with DuluxGroup
Single tenant, minimum management investment
Mooroolbark: Blue chip eastern Melbourne suburb, 31km from the CBD – 70.9% median house price growth in the last 5 years
Rent: $61,001 pa

Auction 11am AEST Wednesday 12 September 2018
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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