Ray White Commercial Oakleigh is delighted to offer for sale by way of public auction these two outstanding shop fronts leased to one tenant, located in Melbourne's South-eastern growth corridor.
These stand-alone buildings to be sold as one will provide one lucky purchaser with the unique opportunity to invest now with long-term development potential (STCA)

Property Features Include:
- Combined Total Building Area: 370m2 (approx)
- Combined Total Land Area: 438m2 (approx)
- Combined Current Rental: $55,222 per annum + GST + Outgoings
- Commercial 1 Zone (C1Z)
- Future Development Potential (STCA)
- Outstanding Main Road Location
- Excellent Retail Freehold Opportunity
- Close Proximity to Major Arterial Roads including Princes Highway

Tenancy Details:

1264 Heatherton Road, Noble Park
- Current Rental: $27,101 per annum + GST + Outgoings
- Term: Five (5) year term - Commenced June 2015
- Further Term: One (1) further term of five (5) years
- Increases: CPI annual increases
- Market Review at Option

1266 Heatherton Road, Noble Park
- Current Rental: $28,121 per annum + GST + Outgoings
- Term: Five (5) year term - Commenced June 2015
- Further Terms: Two (2) further terms of five (5) years each
- Increases: Fixed 4% annual increases with market review at option

Can't make the auction? Download the free app and watch live on GAVL: https://x5u9a.app.goo.gl/HMPP

For further information or to arrange an inspection please contact one of the exclusive marketing agents:

George Kelepouris - 0425 798 6...
Joshua Colosimo - 0413 790 309