** SOLD AT AUCTION **

Gross Waddell is pleased to present this prominent retail investment leased to well known tenant located within Pakenham’s retail centre surrounded by national tenants, major banks and cafes.

Situated between Pakenham Central & Pakenham Place Shopping Centres and close to a host of amenities including an abundance of public parking and transport options.

• Leased to high profile tenant - The Salvation Army
• Rental of $90,000p.a. + GST
• New 5 year lease (comm Sept 2020) plus two (2) further terms of five (5) years
• Annual 3% increases plus market reviews at options
• Land Area of 376sqm* across 2 lots
• Building Area of 344sqm*

*approx.