****SOLD****
Prominently located on the corner of Mt Alexander Road and Ailsa Street providing 54m* street frontage and great signage rights. This well packaged investment has a long ten (10) year lease delivering a yearly rental of $175,000 Net +GST with a strong 4% annual increase.
The proximity to Melbourne’s CBD (4kms*), the access to the M2 City Link on ramp (850m*) and public transport makes this a highly desirable location.
Key Property Highlights:
• Ten (10) year term (commenced 1st September 2022)
• Current Rent: $175,000 Net +GST
• Further options: five (5) years + five (5) years
• Fixed 4% annual increase
• Single level corner building with a combine street frontage of 54*m (Mt Alexander Rd & Ailsa St)
• Total building area 800 sqm*
• Total land holding of 800 sqm*
• Commercial 1 Zone (C1Z)
We welcome your interest and the opportunity to book a private inspection, kindly contact one of the exclusive sales agents from Gross Waddell ICR.
