18 High Street , Cranbourne

90.00m2
Retail
Contact Agent

SECURE INVESTMENT ON LARGE LANDHOLDING

** SOLD **

Gross Waddell ICR is pleased to this prime retail investment which resides on an expansive landholding, as part of the ‘The Neighbourhood Collection’.

https://signatureauctionseries.com.au/

• Located in a high-profile position near the corner of High Street and Sladen Street

• 5-year lease commencing in December 2020 with a further 5-year option

• Returning $25,749.96 net per annum* with fixed 4% annual increases

• Highly valuable Activity Centre Zone (ACZ1) offering underlying land value with development upside (STCA)

• Sprawling 336 sqm* of land with rear access to a Council car park and an abundance of onsite car parking

• Metres to Cranbourne Park Shopping Centre which is home to some of Australia's leading retailers and over 150 speciality stores

• Located next to Cranbourne Fresh Food Market, a bustling food business generating significant pedestrian foot fall

• Cranbourne is one of Australia’s fastest growing precincts with more than 100,000 residents

The property is to be sold via Public Auction as part of the ‘The Neighbourhood Collection’ and held at Leonda by the Yarra from 11 am on Thursday the 13th of October 2022. For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*Approx.

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Level 1, 30 Collins Street
Melbourne VIC 3000