4C, 4A, 2C & 2B Cromwell Street , Burwood

240.00m2
Retail
Contact Agent

THE AFFORDABLE FOUR!

****SOLD****

Gross Waddell ICR, in conjunction with Barry Plant, is pleased to offer an incredibly rare opportunity to secure four shops (three adjoining) all on separate titles to be offered individually or combined.

+Located within a tightly held local shopping strip - 3 individual neighboring shops plus 1 corner property
+Commercial 1 Zone landholding over four (4) titles
+Rear access for all & on-site parking for 3 of the 4 properties.
+Four (4) separate tenancies on varying lease terms providing a diverse annual income of $81,168* + GST + Outgoings
+A well-exposed & strategic land holding, in close proximity to Toorak Road, Deakin University, Burwood shopping precinct anchored by an IGA, Chemist Warehouse, banks, and retail amenities.
+ Suitable for owner occupiers, investors, and developers (upon expiry of leases) STCA
*Approx.

PROPERTY HIGHLIGHTS:

2B CROMWELL STREET, BURWOOD
Tenant: Hairdresser
Land Area: 112sqm*
Building Area: 55sqm*
Rental: $19,500p.a. NET + GST
Lease Term: Three (3) Years commenced 1st Nov 2022
Option: One (1) Further Term of Three (3) Years
Increase & Review: 3% Annual Increase & Market Review at Option

2C CROMWELL STREET, BURWOOD
Tenant: Window Furnishings
Land Area: 115sqm*
Building Area: 55sqm*
Rental: $20,000p.a. NET + GST
Lease Term: Three (3) Years commenced 1st Jun 2022
Option: One (1) Further Term of Three (3) Years
Increase & Review: 3.5% Annual Increase & Market Review at Option

4A CROMWELL STREET, BURWOOD
Tenant: Bakery
Land Area: 115sqm*
Building Area: 55sqm*
Rental: $19,668p.a. NET + GST
Lease Term: Three (3) Years commenced 22nd Jan 2022
Option: Month-to-Month

4C CROMWELL STREET, BURWOOD
Tenant: Café
Land Area: 113sqm*
Building Area: 75sqm*
Rental: $22,000p.a. NET + GST
Lease Term: Five (5) Years commenced 1st Jun 2022
Option: One (1) Further Term of Five (5) Years
Increase & Review: CPI Increase & Market Review at Option

Please contact Raoul Salter 0418 335 432 to book an inspection or for any further information.

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Level 1, 30 Collins Street
Melbourne VIC 3000