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DOMINANT CORNER RETAIL INVESTMENT WITH 5 YEAR LEASE AND U...

85 Bay Street, PORT MELBOURNE VIC, 3207

Sold

Property Sold in 85 Bay Street, PORT MELBOURNE VIC, 3207

Cayzer Real Estate

370 Bay Street, Port Melbourne, VIC 3207

Listing ID:
11354959
Status:
Sold
Price:
Price on application
Last Updated:
22/08/2019
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Property Type

Offices/Land/Development
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Land Area

200 SQM
Icon size

Floor Area

308 SQM
Icon parking

Parking

2

DOMINANT CORNER RETAIL INVESTMENT WITH 5 YEAR LEASE AND UPSIDE

Located in the heart of the Bay Street retail strip, with 3 street frontages and surrounded by thousands of residents, this imposing brick shop and dwelling has been occupied since 2004 as a Crust Pizza outlet. The lease has just been renewed for a further five years.
Features include:
Extended 5 year lease plus 2 options of 5 years;
$100,000 pa rent plus usual outgoings and 4% annual rent increases;
Large ground floor shop plus generous 1st floor residence with separate entry and rear deck;
Flexible Mixed Use zone with potential to live in or develop further (sta);
Land 200.9 sqm Gross Building 308sqm (approx) and huge deck.

For more details, please email agent


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Cayzer Real Estate

370 Bay Street, Port Melbourne, VIC 3207


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