Shop 37/8-34 Gladstone Park Drive,
Gladstone Park, VIC 3043
Shops & Retail
Key property information
Floor area
Property extent
Tenure type
Sold on
Map of Shop 37/8-34 Gladstone Park Drive
Dual-income security within the bustling Gladstone Shopping Centre
- Provides two secure incomes
- Shopping centre is the community hub
- Two stores totaling 134m2 (approx.)
Boasting a prominent position within the bustling Gladstone Shopping Centre, this astute freehold venture provides two secure incomes for the shrewd investor. The community hub of the area, the shopping centre offers over 100 retailers and professional services, including Woolworths, BWS, Aldi, Australia Post, and Bigfields Fresh Market.
Occupying a total of 134m2 (approx.), the freehold consists of two retailers including a clothing store and a phone repair and accessories shop. Each tenant is in the first year of a three-year lease with a second three-year option available, delivering a total income of $36,800 per annum including GST with yearly fixed increases. All maintenance is payable by the tenants.
Shop One – Envy Girls (clothing shop)
• $17,600 per annum (including GST) until 15th March 2023
• 2% increases per annum until 15th March 2025
• Renewal option available for a further 3 years until March 2028, with market review of rental
Shop Two – Winsome Mobiles
• $19,200 per annum (including GST) until 3rd August 2022
• $19,776 per annum (including GST) from 3rd August 2022 to 3rd August 2023
• 3% increases per annum until 3rd August 2025
• Renewal option available for a further 3 years until August 2028
Occupying a total of 134m2 (approx.), the freehold consists of two retailers including a clothing store and a phone repair and accessories shop. Each tenant is in the first year of a three-year lease with a second three-year option available, delivering a total income of $36,800 per annum including GST with yearly fixed increases. All maintenance is payable by the tenants.
Shop One – Envy Girls (clothing shop)
• $17,600 per annum (including GST) until 15th March 2023
• 2% increases per annum until 15th March 2025
• Renewal option available for a further 3 years until March 2028, with market review of rental
Shop Two – Winsome Mobiles
• $19,200 per annum (including GST) until 3rd August 2022
• $19,776 per annum (including GST) from 3rd August 2022 to 3rd August 2023
• 3% increases per annum until 3rd August 2025
• Renewal option available for a further 3 years until August 2028
Additional information
External websites
Gladstone Park, 3043 demographic data
The median household income for Gladstone Park is $1,452, 24% lower than Greater Melbourne's household income of $1,901. Gladstone Park has an older age profile compared to the rest of Greater Melbourne (median age 42 vs 37). Property ownership data shows 43% of property owners in Gladstone Park have a mortgage.
8,213
Population
$1,452 per week
Median household income
42 years
Median age
Owners
Most residents
Families
Most households
04093841...
Shop 37/8-34 Gladstone Park Drive
Gladstone Park, VIC 3043
RT Edgar1153-1157 Burke Road
KEW, VIC 3101
KEW, VIC 3101
