8/2 Stadium Circuit,
Mulgrave, VIC 3170

Shops & Retail

Key property information

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Map of 8/2 Stadium Circuit

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Grand Retail Investment

Prominently positioned within the iconic Waverley Park football stadium located within the bustling Waverley Park estate this ideal investment is the perfect property for any astute investor due to the unique dual leases.

Total combined passing rent: $91,716 consisting of

Retail Super market Lease
• Shop Rental: $69,488 as of October 2016
• Term: 5 years commencing June 2014
• Options: 3 further 5 year options
• Reviews: Yearly 3% increases with market reviews at options

Optus Telecommunications Lease
• Optus Rental: $22,227 as of October 2016
• Term: 25 years commencing October 2009
• Options: One further option of 10 years
• Reviews: Yearly 4% increases

Property details:
• Building area: 254m2
• 2 car spaces on title
• Zoning: Comprehensive Development Zone 1 (CDZ1)

With such a rare opportunity for any investor please contact Ryan Trickey 0400 380 4... or Ben Ainsworth 0412 534 028 for all additional information, Information Memorandums and Contracts.

Mulgrave, 3170 demographic data

The median household income for Mulgrave is $1,913, 1% higher than Greater Melbourne's household income of $1,901. Mulgrave has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 48% of property owners in Mulgrave have a mortgage.

19,889

Population

$1,913 per week

Median household income

40 years

Median age

Owners

Most residents

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Most households

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