Invest in an iconic street-front property in the bustling Were Street, Brighton location.
This vibrant retail strip is home to the popular Olie & Ari Café, an Australia Post office, a pharmacy, as well as skin and hairdressing salons.
Currently in the second year of a 5 + 5-year lease, this property offers a 46m² * space, plus a 4m² * kitchenette and WC. It is occupied by Brighton Physiotherapy, a practice operating six days a week.
As an investment, this property delivers exceptional returns:
•$36,050.00 annual rental income
•Plus, all outgoings
•Contracted 3% annual rental increase
•Next rental increase effective June 15, 2025
•Lease Term Commencement 15/6/2024
•Term Expires 14/6/2028
•One Further Term Five (5) Years
Constructed circa 1952, this solid brick building has been rewired in the last 12 months. Features include:
•Independently metered water and electricity
•Alarm system with keypad
•Exterior security camera
•NBN connection
•Spacious amenity area
•Reverse-cycle Daikin unit
•Kitchenette and WC
Situated in a sought-after neighborhood, Were Street Village is a favorite among Bayside locals. Its proximity to The Brighton Grocer supermarket and position between Church Street and Hampton Street make it a dynamic, evolving precinct that attracts a growing and discerning clientele.
For further information please contact our Agents.
*All sizes are approximate
*All figures are GST exclusive unless otherwise stated.
