AUCTION - Thursday, 1st October 2020 at 11.00am on site (subject to review) (unless sold prior) .
Discover the peace-of-mind that only a blue-chip location, proven tenant and future potential can provide. Situated in the heart of the blue-chip Bay St strip, this well-maintained retail property is a solid performer with a rewarding tenancy to fashion store Serenity today… and possible development upside tomorrow.
Blue-chip brick shopfront with 67sqm* floorspace on 89sqm* CZ1 land
Sun-catching northerly outlook to the Bay St strip, rear carpark boundary
Full-glass frontage, timber-lined ceiling and reverse-cycle air-conditioning
Rear stockroom with basic kitchen facilities, tidy concreted utility yard with WC
Blue-chip strip with a strong local following and well-established retailers
High net-worth residential neighbourhood, 200m to North Brighton station
Free public parking at the rear, diverse retail, hospitality and professional strip
Dual frontages to enhance future development upside (subject to Council Approval)
Potential to step up within the property’s existing footprint
Scope to combine with adjacent properties in the future for larger-scale development
Benefit from this established lease to a successful multi-location retailer
Securely leased for a 2-year term commencing 1st April 2020
Three, 2-year options with a 6% increase in passing rental at commencement
Current rental is $41,599.92 plus GST
For further information or to arrange an inspection please contact our office.
*All sizes are approximate
*All figures are GST exclusive unless otherwise stated.
Please feel free to contact us to discuss your commercial property needs.