This superb retail premise located in the vibrant CBD of Sale represents an outstanding opportunity for the astute commercial investor!
With a strong lease in place and a business that has occupied the shop since 1991 you are well and truly in a set and forget position.
The rent as at August is set at $25,660PA with the current term expiring on the 10/8/2027 with a further 1 x 3 year option taking the term through to 2030! Fixed annual increases of 3% within the lease and market reviews at each renewal and the tenant responsible for all outgoings excluding building insurance.
The shop is well set up with extended retail space, small storage area, staff amenities and the bonus of rear access. The real kicker is the potential of the upstairs section currently not used by the tenants that was originally the residence above the shop. This comprises what would have been three bedrooms and a living area. This space is in need of renovation but offers long term appeal and value to this prime Raymond St freehold.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist, or call us on (03) 5144 43...