Michelangelo, 3 Springvale Road (Corner Wells Road),
Aspendale Gardens, VIC 3195
Hotel, Motel & Leisure • Shops & Retail
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Springvale Road – Super Site New 10 year lease
- Significant 3,488m2 Springvale Road Site
- New 10 year lease
- Established Business
New 10 + 7 + 7 year lease.
Fixed annual 3.5% reviews.
Busy main road site of 3,488m2* with 95 on site car spaces.
Road frontage and exposure of 73 metres*.
Significant land area with 25% approx site coverage (building).
Versatile and immaculate 675m2* building with popular alfresco dining and room for expansion.
Taxation saving depreciation.
Growth corridor locale close to Mornington Peninsula Freeway and amongst Dan Murphy’s, McDonalds, KFC, Mitre 10 etc.
Income: $260,000 pa*
*Approx.
Interstate bidding is available by prior arrangement
To be auctioned as part of Burgess Rawson Investment Portfolio Auction 74
11AM (AEDT)
27th February 2013
River Room Crown Casino
Southbank, Melbourne
Fixed annual 3.5% reviews.
Busy main road site of 3,488m2* with 95 on site car spaces.
Road frontage and exposure of 73 metres*.
Significant land area with 25% approx site coverage (building).
Versatile and immaculate 675m2* building with popular alfresco dining and room for expansion.
Taxation saving depreciation.
Growth corridor locale close to Mornington Peninsula Freeway and amongst Dan Murphy’s, McDonalds, KFC, Mitre 10 etc.
Income: $260,000 pa*
*Approx.
Interstate bidding is available by prior arrangement
To be auctioned as part of Burgess Rawson Investment Portfolio Auction 74
11AM (AEDT)
27th February 2013
River Room Crown Casino
Southbank, Melbourne
Property ID: 500604299Last Updated: 19 May 2016
04118608...
Michelangelo, 3 Springvale Road (Corner Wells Road)
Aspendale Gardens, VIC 3195
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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