Sold
Retail

8/2 Stadium Circuit Mulgrave, VIC 3170

Sold on 7 Dec 2016
  • Building: 254m²
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Retail in Mulgrave

Grand Retail Investment

  • Building: 254m²

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: $91,716 consisting of

Retail Super market Lease
• Shop Rental: $69,488 as of October 2016
• Term: 5 years commencing June 2014
• Options: 3 further 5 year options
• Reviews: Yearly 3% increases with market reviews at options

Optus Telecommunications Lease
• Optus Rental: $22,227 as of October 2016
• Term: 25 years commencing October 2009
• Options: One further option of 10 years
• Reviews: Yearly 4% increases

Property details:

  • Building area: 254m2
  • 2 car spaces 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:

254m²

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