Tenanted Freehold Investment with Strong Lease and Highly Sought After Covenant
Auction Tuesday December 5th at 11am via Signature Auction & EOI Series (Leonda by the Yarra)
Positioned along the bustling High Street, this property is a prime tenanted investment in the prominent Heathcote retail strip.
The meticulously maintained retail space has a strong lease in place to an experienced operator of a combined Australia Post licensed outlet and authorized newsagency.
KEY FEATURES:
- Neat building in prominent retail strip
- Very well presented and accessible retail space
- Operating as a combined Australia Post licenced outlet and authorised newsagency
- Dual street frontage with rear truck access
- Excellent on-street and rear car parking
- Functional and adaptable floor plan
- Excellent storage, accessible workspaces and amenities
- New 5 year term from 29/12/2022 with further 2 x 5 year options
Note: The business is not for sale - Freehold Building only.
The property features excellent street frontage, convenient rear truck and pedestrian access, an adaptable floor plan with excellent storage, accessible workspaces and well presented amenities.
With current rental at $31,750 per annum following a new 5-year term from 29/12/2022 and the potential for two further 5-year options, this property offers a rare opportunity for businesses seeking a prime location and a versatile space with a promising future.