16 Borrack Square,
Altona North, VIC 3025

Fitzroys is delighted to offer a superb double storey renovated freehold investment with upside located at 16 Borrack Square, Altona North.

Key features include:

- Located in Melbourne's surging inner west
- Centrally positioned within Borrack square’s bustling commercial precinct servicing the emerging and growing residential catchment
- Recently renovated and immaculately presented building
- Depreciation benefits
- Rare fully leased investment opportunity in a tightly held location
- Four tenancies spread across two storeys allowing for multiple income streams
- Returning $107,700 per annum plus outgoings and GST
- Tenants pay all outgoings in accordance with the lease
- Value add potential with planning permit and endorsed plans in place for first floor extension
- Wide dual street frontage to Borrack Square and Duke Street with separate access via Duke Street
- Conveniently located adjacent occupiers such as Woolworths, CBA Bank, Bakers Delight, Chemist Warehouse, Australia Post, TAB, BWS, Millers Inn and supported with excellent car parking
- Highly sought after opportunity in inner western location experiencing rapid growth and excellent prospects for future capital appreciation

Summary:

Shop 1- Florist
6 + 5 year lease
Fixed annual increases and market review at commencement of further term

Shop 2- Nail & Beauty Salon
7 + 5 year lease
Fixed annual increases and market review at commencement of further term

Level 1, suite 1 & 2- Private Office
1 year lease


*approx