This fantastic investment opportunity includes a recently constructed, circa 2014, two level building featuring multiple income streams. The property comprises 10 tenancies including four large 2 bedroom upper level residential apartments, one upper level commercial space / office and five retail shops anchored by Subway restaurant and Australia Post.
Available as a whole via Private Sale
The subject property comprises a fully leased two storey building with main road frontage and substantial rear car park, returning a total of $296,619.80 per annum.
This convenient location is just 1.9 kilometres* from Springvale Road, 2.1 kilometres* from EastLink (via Canterbury Road), 2.3 kilometres* from Ringwood Metropolitan Activity Centre comprising the Costco Wholesale warehouse and the newly expanded Eastland Shopping Centre.
- Current rental $296,619.80 per annum
- Diverse mix of residential and commercial/retail tenancies
- Whole freehold site totalling 1,079m2* with rear right of way access
- 19 car parking spaces, including secure garages to apartments
- 26.8 metre* frontage to Canterbury Road
- Generous depreciation allowances available
For more details, please email agent