1350 Pascoe Vale Road,
Coolaroo, VIC 3048
Shops & Retail
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Map of 1350 Pascoe Vale Road
Brand New 7-11 Investment
- Long-term lease of 12 years
- Blue chip lease covenant
- Massive exposure to Pascoe Vale Rd
> Long term lease: 12 years commencing 1 August 2012 with options to 2034
> A-Grade tenant: 7-Eleven Stores Pty Ltd
> Currently operating as a 7-11 service station/convenience store
> Current rental: $274,000 pa approx
> Substantial rental growth: 3.5% increases annually
> Land area: 1,200 sqm approx.
> Fabulous exposure to Pascoe Vale Road
> Significant depreciation benefits available
> Tenant pays all outgoings (excluding Land Tax)
The subject property is strategically positioned in a boutique commercial development on the north-east corner of Pascoe Vale and Barry Roads some 17 kms from Melbourne's CBD.
The overall development backs onto Melba Vale Retirement Village which wraps around the development to both road frontages. Moving further north, is the new Coolaroo rail station (5 mins walk). Moving east from the railway line, there is established housing.
Features of the surrounding area include Broadmeadows Shopping Centre which include Harvey Norman, Bunnings, McDonald's, Coles, Woolworths, Aldi Supermarkets & Hoyts Cinemas.
In addition, the Meadow Heights Neighbourhood Shopping Centre is 700 metres west of Pascoe Vale Road and 1.2 kms from the subject property.
> A-Grade tenant: 7-Eleven Stores Pty Ltd
> Currently operating as a 7-11 service station/convenience store
> Current rental: $274,000 pa approx
> Substantial rental growth: 3.5% increases annually
> Land area: 1,200 sqm approx.
> Fabulous exposure to Pascoe Vale Road
> Significant depreciation benefits available
> Tenant pays all outgoings (excluding Land Tax)
The subject property is strategically positioned in a boutique commercial development on the north-east corner of Pascoe Vale and Barry Roads some 17 kms from Melbourne's CBD.
The overall development backs onto Melba Vale Retirement Village which wraps around the development to both road frontages. Moving further north, is the new Coolaroo rail station (5 mins walk). Moving east from the railway line, there is established housing.
Features of the surrounding area include Broadmeadows Shopping Centre which include Harvey Norman, Bunnings, McDonald's, Coles, Woolworths, Aldi Supermarkets & Hoyts Cinemas.
In addition, the Meadow Heights Neighbourhood Shopping Centre is 700 metres west of Pascoe Vale Road and 1.2 kms from the subject property.
Property ID: 501723981Last Updated: 5 Jan 2016
1350 Pascoe Vale Road
Coolaroo, VIC 3048
Gray Johnson - Melbourne30 Collins Street.
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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