241 Stud Road,
Wantirna South, VIC 3152
Shops & Retail
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Map of 241 Stud Road
HIGHLY SOUGHT AFTER - INVEST NOW AND OR OCCUPY LATER
- ESTABLISHED BUSINESS OF 20 YEARS
Ray White Commercial Preston is pleased to offer for sale 241 Stud Road, Wantirna South:
- Long established and very tightly held, thriving Studfield is home to a number of well regarded tenants including IGA, Cellarbrations, Brumby's Bakery, Australia Post, H & R Block, Ray White, Professionals, Barry Plant and Pharmasave Pharmacy
- Leased to an established restaurant "Straights Malaysian Cafe" who have been running for 20 years
- 5 years lease term expiring on 7 November 2028, with no further options.
- INVESTORS NOTE:
- THE TENANT IS WILLING TO COMMIT TO A FURTHER 5 YEAR LEASE WITH 3 FURTHER OPTIONS OF 5 YEARS
- Original Lease commencing on 7 November 2005
- Current Rent $70,229 net per annum, plus GST
- Annual Rent Increase fixed at 3%
- Excellent main road location with exposure to thousands of cars daily
- Rare opportunity suited to owner occupiers and investors
- Ample public car parking options surrounding the property
- Excellent access to network of arterial roads including Burwood Highway, Eastlink, Boronia Road and High Street Road
- Convenient public transport facilities nearby
- Land area 187 sqm approx
Important Update:
From 1 July 2024, the State Revenue Office offers eligible buyers of commercial and industrial properties the option to pay stamp duty upfront at settlement or spread payments over 10 years.
For further information or to arrange an inspection contact:
John Kalpakis 0412 500 2...
john.kalpakis@raywhite.com
Mitchell Kalpakis 0428 761 7...
mitch.kalpakis@raywhite.com
Selena Peng 0424 267 082
DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein
- Long established and very tightly held, thriving Studfield is home to a number of well regarded tenants including IGA, Cellarbrations, Brumby's Bakery, Australia Post, H & R Block, Ray White, Professionals, Barry Plant and Pharmasave Pharmacy
- Leased to an established restaurant "Straights Malaysian Cafe" who have been running for 20 years
- 5 years lease term expiring on 7 November 2028, with no further options.
- INVESTORS NOTE:
- THE TENANT IS WILLING TO COMMIT TO A FURTHER 5 YEAR LEASE WITH 3 FURTHER OPTIONS OF 5 YEARS
- Original Lease commencing on 7 November 2005
- Current Rent $70,229 net per annum, plus GST
- Annual Rent Increase fixed at 3%
- Excellent main road location with exposure to thousands of cars daily
- Rare opportunity suited to owner occupiers and investors
- Ample public car parking options surrounding the property
- Excellent access to network of arterial roads including Burwood Highway, Eastlink, Boronia Road and High Street Road
- Convenient public transport facilities nearby
- Land area 187 sqm approx
Important Update:
From 1 July 2024, the State Revenue Office offers eligible buyers of commercial and industrial properties the option to pay stamp duty upfront at settlement or spread payments over 10 years.
For further information or to arrange an inspection contact:
John Kalpakis 0412 500 2...
john.kalpakis@raywhite.com
Mitchell Kalpakis 0428 761 7...
mitch.kalpakis@raywhite.com
Selena Peng 0424 267 082
DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein
Additional information
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Wantirna South, 3152 demographic data
The median household income for Wantirna South is $1,915, 1% higher than Greater Melbourne's household income of $1,901. Wantirna South has an older age profile compared to the rest of Greater Melbourne (median age 42 vs 37). Property ownership data shows 46% of property owners in Wantirna South have a mortgage.
20,754
Population
$1,915 per week
Median household income
42 years
Median age
Owners
Most residents
Families
Most households
241 Stud Road
Wantirna South, VIC 3152
Ray White - Preston363 High Street
PRESTON, VIC 3072
PRESTON, VIC 3072
