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1311 Mountain Highway The Basin, VIC 3154

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1311 Mountain Highway,
The Basin, VIC 3154

Shops & Retail

Price information

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$585,000

Key property information

Floor area

Tenure type

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Map of 1311 Mountain Highway

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RETAIL INVESTMENT WITH TENANTED REAR DWELLING

Biggin & Scott Commercial Industrial proudly presents this exciting opportunity situated at foothills of Mt Dandenong.
Located within a tightly held popular retail strip on Mountain Highway with a fruit shop leasing the retail space on a 20 year lease and a 2 bedroom dwelling at the rear separately leased currently on a periotic lease.

Land Area: 197m2 approx.

Retail Features
- Retail Floor Area: 64m2 approx.
- Rental Amount: $22,014.55 plus GST & outgoings
- Lease Term: 5 years
- Further Options: 5 + 5 + 5 years
- Lease Commencement: 1st September 2015
- Security Deposit: $6,054.00

Dwelling Features
- 2 bedrooms
- 1 bathroom
- Rear lane access with car park
- Periodic Rental: $1,040 per calendar month

Total Income: $34,494.55 plus GST*

For further information or to arrange an inspection please contact:
David McGuinness 0433 322 443

*GST is only payable on the Commercial rental amount.

Property Code: 3771

Property ID: 501724085Last Updated: 19 Sep 2016

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1311 Mountain Highway
The Basin, VIC 3154
Flynn Estate Agents Corporate - FRANKSTON
471 Nepean Highway
FRANKSTON, VIC 3199
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