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Retail

6/2 Stadium Circuit Mulgrave, VIC 3170

Sold on 12 Dec 2016
  • Building: 127m²
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Retail in Mulgrave

Dual Income Investment

  • Building: 127m²

Prominently positioned within the iconic Waverley Park football stadium located within the bustling Waverley Park estate this ideal investment is the perfect property for any astute investor due to the unique dual leases.

Total combined passing rent: $61,384 consisting of

Retail Hairdresser/Barber Lease
• Shop Rental: $40,000 as of January 2016
• Term: 5 years commencing January 2016
• Options: 5 further 5 year options
• Reviews: Yearly 4% increases with market reviews at options

Telstra Telecommunications Lease
• Telstra Rental: $21,384 as of March 2016
• Term: 15 years commencing September 2009
• Options: Two further option of 5 years
• Reviews: Yearly 3% increases

Property details:

  • Building area: 127m2 approx
  • 2 car space on title
  • Zoning: Comprehensive Development Zone 1 (CDZ1)

With such a rare opportunity for any investor please contact Ryan Trickey 0400 380 438 or Ben Ainsworth 0412 534 028 for all additional information, Information Memorandums and Contracts.

Building:

127m²

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