Shop 3, 495-511 Burwood Highway,
Vermont South, VIC 3133
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Floor area
Zoning
Tenure type
Sold on
Allard Shelton - MELBOURNE
Level 3, 267 Collins StreetMELBOURNE, VIC 3000
03 9654 32...
Shop 3, 495-511 Burwood Highway
Vermont South, VIC 3133
Map of Shop 3, 495-511 Burwood Highway
OUTSTANDING RETAIL INVESTMENT WITH LONGSTANDING TENANT
- First time offered in 33 years
- Income: $60,000 pa + GST +outgoings
- Shopping Centre anchored by Coles & Aldi
Gorman Allard Shelton is delighted to offer for sale by Public Auction on Thursday 10th November at 12 noon on-site, this outstanding retail investment located in the heart of the popular and vibrant Vermont South Shopping Centre.
Ideally positioned directly adjacent to Coles Supermarket, this property benefits from a brand new three (3) year lease to its longstanding and established tenant, with the current tenant enjoying occupation of the premises for the past 25 years.
Key property features include:
* Building area: 181 sqm*
* Income: $60,000 pa + GST + outgoings
* Lease term: three (3) years (commenced 1st July 2022)
* Longstanding and established tenant of 25 years
* Two (2) further terms of three (3) years
* CPI annual increases
* Substantial car parking for 756 cars with direct access from Burwood Highway and Hanover Road
* High performing shopping centre with low vacancy rate
* The centre is underpinned by major anchor tenants, Coles & Aldi, which have recently undergone significant refurbishments to their respective tenancies further demonstrating their commitment and the underlying strength of the Shopping Centre
This prime retail investment is located within the popular and vibrant Vermont South Shopping Centre which is home to a number of nationally recognised businesses including Coles, Aldi, Liquorland, Petbarn and Bakers Delight.
*approx.
Ideally positioned directly adjacent to Coles Supermarket, this property benefits from a brand new three (3) year lease to its longstanding and established tenant, with the current tenant enjoying occupation of the premises for the past 25 years.
Key property features include:
* Building area: 181 sqm*
* Income: $60,000 pa + GST + outgoings
* Lease term: three (3) years (commenced 1st July 2022)
* Longstanding and established tenant of 25 years
* Two (2) further terms of three (3) years
* CPI annual increases
* Substantial car parking for 756 cars with direct access from Burwood Highway and Hanover Road
* High performing shopping centre with low vacancy rate
* The centre is underpinned by major anchor tenants, Coles & Aldi, which have recently undergone significant refurbishments to their respective tenancies further demonstrating their commitment and the underlying strength of the Shopping Centre
This prime retail investment is located within the popular and vibrant Vermont South Shopping Centre which is home to a number of nationally recognised businesses including Coles, Aldi, Liquorland, Petbarn and Bakers Delight.
*approx.
Property ID: 504176683Last Updated: 9 Jan 2023
Allard Shelton - MELBOURNELevel 3, 267 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Contact Agency
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Allard Shelton - MELBOURNE
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
4 Yallourn Parade,Ringwood, VIC 3134 610 m²Warehouse, Factory & Industrial • Development Sites & Land • Shops & Retail