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Riverstone Central Shopping Centre, Shops 1,4,7, 111A Elation Boulevard Doreen, VIC 3754

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Sold

Riverstone Central Shopping Centre, Shops 1,4,7, 111A Elation Boulevard Doreen, VIC 3754

Shop & Retail
Sold Price

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Floor area

80.0m²

Tenure type

Tenanted Investment

Sold on

15 Mar 2018

3 Affordable Investments in Growth Corridor

  • Rentals from $32,000pa
  • Modern Improvements
  • Strong lease profile

- Modern Investments situated in recently completed retail development

- Located adjacent to community centre, YMCA day-care facility and proposed primary school.

- Brand new shops of 80sqm approx. each

- Returning $32,000 - $36,000 per annum plus outgoings and GST

- Large on site customer and staff car park of 74 spaces

- Excellent tax depreciation benefits

- Surrounded by rapidly expanding residential catchment in one of Victoria’s fastest growing regions providing strong prospects for future capital appreciation

Summary:

Shop 1- Kebab Culture

5yr + 5yr lease returning $32,000 per annum plus outgoings

3% fixed annual increases, market review at option

Shop 4- Pier 4 Fish & Chippery

5yr + 5yr + 5yr lease returning $32,000 per annum plus outgoings

3% fixed annual increases, market review at option

Shop 7- Your Dentist

5yr + 5yr lease returning $36,000 per annum plus outgoings

4% fixed annual increases, market review at option

Contact Exclusive Agents for further information:

Ervin Niyaz 0404 808 327

David Bourke 0407 705 755

Additional information

Documents

Property ID: 502698882Last Updated: 6 May 2018

Agency contacts

Fitzroys - Melbourne

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Fitzroys - Melbourne

Level 27, 360 Collins Street
MELBOURNE, VIC 3000
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David Bourke
Fitzroys - Melbourne
Riverstone Central Shopping Centre, Shops 1,4,7, 111A Elation Boulevard Doreen, VIC 3754

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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