< BACK TO SEARCH RESULTS
154 Rosebank Avenue
Development Opportunity with Income
Crabtrees are pleased to offer for sale by public auction this excellent retail investment property with development upside (STCA).
+ 3 year lease from 1st April 2016 with two 3 year options (includes 6 month demolition clause)
+ Currently returning $19,570.82 per annum net
+ Annual 3% rent increases with market review in 2019 & 2022
+ All outgoings are payable by the lessee
+ Total land area of 426m² approximately
+ Total building area of 150m² approximately
+ Favourable Commercial 1 Zoning
+ Retail shop of 82m² approximately
+ Two bedroom dwelling to the rear
+ Convenient rear access with off street parking
+ Suit multi-level mixed use development site (STCA)
Situated within walking distance to Westall Secondary College, Westall Train Station, Bus stop, parklands, local shops, post office and only minutes away from Monash Medical Centre, Clayton Shopping District, Clayton Community Centre, IKEA/Spotlight Shopping Centre and in close proximity to Monash University.
Over recent years there have been numerous developments within the immediate area completed, currently under construction or soon to commence (including the adjacent property).
Located in a tightly held retail strip this is a very rare opportunity to secure an investment with development upside.
AUCTION: WEDNESDAY 4TH OCTOBER AT 11:00AM ON SITE
Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST.