1631-1633 Burwood Highway,
Belgrave, VIC 3160

Shops & Retail

Key property information

Floor area

Tenure type

Sold on

Map of 1631-1633 Burwood Highway

Directions

WINNING INVESTMENT IN PRIME BELGRAVE LOCATION

An exciting opportunity exists here to buy the best investment in town! Currently the property has two tenants, one being a long established therapy/massage and the other a retail boutique. The current tenant (massage) has a 2 year lease in operation with one further option of 2 years and is currently paying $20,289 (plus GST) and will increase to $21,065 per annum (plus GST) plus outgoings in October 2022. The boutique tenant is currently in operation on a 3 year lease with a further 3 x 3 and is currently paying $19,281(Plus GST) and will increase to $19,860 per annum (Plus GST) plus outgoings in September 2022. To put it simply this is a top quality investment!! Situated on the busy Burwood Highway this commercial site has plenty of passing foot traffic being next door to Woolworths and other thriving Belgrave businesses. Investment properties in this price range very rarely come onto the market and with the standard of shops improving in Belgrave, this is sure to be a winning investment to add to your portfolio. There is also ample parking for both tenants. This is a terrific investment where the numbers simply stack up. Be sure to book your inspection today as shops in Belgrave really don't last long!!

Please note: All property details shown are correct at time of publishing.

Belgrave, 3160 demographic data

The median household income for Belgrave is $2,202, 16% higher than Greater Melbourne's household income of $1,901. Belgrave has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 65% of property owners in Belgrave have a mortgage.

3,894

Population

$2,202 per week

Median household income

38 years

Median age

Owners

Most residents

Families

Most households

04184106...