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$750,000
Key Features:
Secure Tenancy: Enjoy a stable rental income with a 3+3+3-year lease and an established tenant.
Strong Returns: Benefit from a current annual rental of $27,000 (plus GST and outgoings) with guaranteed 5% annual increases.
Development Potential: Leverage the approved plans to build two apartments on top of the existing shop, adding significant value to your investment.
Convenient Location: Situated in a tightly held retail precinct near Cranbourne Train Station, this property enjoys excellent accessibility and exposure.
Property Details:
Land Area: 233m
Building Area: 111m
Commercial Zoning: C1Z (Suitable for various uses)
Amenities: Gas connection, grease trap, 3-phase power, separate kitchen, security roller door, ample street parking, and right-of-way access.
Don't miss this opportunity to secure a property with both immediate rental income and long-term development potential.
Contact Antonio Di Petta Group or Di Petta Group today to schedule a viewing.
Tel: 0410 665 703
Suite 32, First Floor, 93 Wells Road, Chelsea Heights VIC 3196
Call Antonio Di Petta on
0410 665 703
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