Shop 37/8-34 Gladstone Park Drive,
Gladstone Park, VIC 3043
Shops & Retail
Price information
Sold
$550,000
Key property information
Floor area
Property extent
Tenure type
Sold on
Map of Shop 37/8-34 Gladstone Park Drive
Dual-income security within the bustling Gladstone Shopping Centre
- Provides two secure incomes
- Shopping centre is the community hub
- Two stores totaling 134m2 (approx.)
Boasting a prominent position within the bustling Gladstone Shopping Centre, this astute freehold venture provides two secure incomes for the shrewd investor. The community hub of the area, the shopping centre offers over 100 retailers and professional services, including Woolworths, BWS, Aldi, Australia Post, and Bigfields Fresh Market.
Occupying a total of 134m2 (approx.), the freehold consists of two retailers including a clothing store and a phone repair and accessories shop. Each tenant is in the first year of a three-year lease with a second three-year option available, delivering a total income of $36,800 per annum including GST with yearly fixed increases. All maintenance is payable by the tenants.
Shop One – Envy Girls (clothing shop)
• $17,600 per annum (including GST) until 15th March 2023
• 2% increases per annum until 15th March 2025
• Renewal option available for a further 3 years until March 2028, with market review of rental
Shop Two – Winsome Mobiles
• $19,200 per annum (including GST) until 3rd August 2022
• $19,776 per annum (including GST) from 3rd August 2022 to 3rd August 2023
• 3% increases per annum until 3rd August 2025
• Renewal option available for a further 3 years until August 2028
Occupying a total of 134m2 (approx.), the freehold consists of two retailers including a clothing store and a phone repair and accessories shop. Each tenant is in the first year of a three-year lease with a second three-year option available, delivering a total income of $36,800 per annum including GST with yearly fixed increases. All maintenance is payable by the tenants.
Shop One – Envy Girls (clothing shop)
• $17,600 per annum (including GST) until 15th March 2023
• 2% increases per annum until 15th March 2025
• Renewal option available for a further 3 years until March 2028, with market review of rental
Shop Two – Winsome Mobiles
• $19,200 per annum (including GST) until 3rd August 2022
• $19,776 per annum (including GST) from 3rd August 2022 to 3rd August 2023
• 3% increases per annum until 3rd August 2025
• Renewal option available for a further 3 years until August 2028
Additional information
External websites
Property ID: 504103887Last Updated: 6 Oct 2022
Shop 37/8-34 Gladstone Park Drive
Gladstone Park, VIC 3043
RT Edgar1153-1157 Burke Road
KEW, VIC 3101
KEW, VIC 3101
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.