A Winning Investment in Racecourse Road

314 Racecourse Road
Flemington

Located in the centre of the bustling and tightly held Racecourse Road shopping precinct, this rare opportunity presents the astute investor the chance to acquire an outstanding retail investment.

Property highlights include:

• Leased to the long standing and very popular M Yong Tofu Restaurant

• Rental: $64,766* p.a. net plus GST

• Annual 4% fixed increases, market review at option(s)

• 8 year lease with one further option of 5 years

• Single level retail premises of 102 sqm*

• Landholding of 250 sqm* allowing for future redevelopment (STCA)

• Zoning: Commercial 1 (C1Z)

• Access via right of way (ROW) at the rear allowing for off-street parking

314 Racecourse Road, Flemington is offered for sale via Public Auction on Thursday 18th September at 12:00pm onsite.

For more information or to arrange an inspection, please contact Gross Waddell ICR directly.

*Approx.

Raoul Salter

Director - Head of Leasing - Partner - Sales - Principal Auctioneer

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Alex Ham

Director - Sales - Partner

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Price

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