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Your Ideal Destination

5 East Concourse, BEAUMARIS VIC, 3193

Sold

Property Sold in 5 East Concourse, BEAUMARIS VIC, 3193

Nichols Crowder Property Solutions

358 South Road, Moorabbin, VIC 3189

Listing ID:
11319254
Status:
Sold
Price:
AUCTION
Last Updated:
20/05/2020
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Property Type

Retail/Hotel/Leisure/Offices
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Land Area

N/A
Icon size

Floor Area

91 SQM
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Parking

1

Your Ideal Destination

Positioned for success in the hugely popular Concourse Beaumaris, this destination ticks all the boxes. Whether you're an investor looking for a secure income from a longstanding tenant or an owner occupier looking for some prime retail space, then this is the property for you.

Anchored by a huge council car park, a brilliant mixture of brand name tenants and local retailers as well as benefiting from a very loyal patronage, the Concourse is as good as it gets.

This brilliant property offers the following benefits to the purchaser:
* Investment with an owner occupier upside
* Lease in place until February 2020 to Destination HQ with one further term of three years
* Net rental: $45,000 p.a.
* Building area: 91sqm*
* Tenant pays all outgoings (except land tax)
* Lease commencement date: February 2017
* Kitchenette amenities
* One (1) car space on title
* Opportunity to financially improve by adding a first floor (STCA)

The property is open at 11.30am, prior to auction Friday 25 October at 12noon.

For further information, enquiries and inspections, please contact:
LACHLAN MACKENZIE - 0422 564 570 or lachlanm@nicholscrowder.com.au
JAMES GLEN - 0401 493 277 or jamesg@nicholscrowder.com.au

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images are subject to copyright.

For more details, please email agent

Nichols Crowder Property Solutions

358 South Road, Moorabbin, VIC 3189


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