CORNER RETAIL INVSESTMENT WITH LONG STANDING TENANT
- Building: 60m²
Ray White Commercial is delighted to present 40 Poath Road, Hughesdale for sale via public auction on Thursday 19th October 2017 at 1pm on-site.
Located in the heart of the Hughesdale retail strip, this well-tenanted retail property offers a steady cash return. Only 200m approx walking distance from Hughesdale station, unique corner position offers great exposure and signage opportunities. This boutique shop is also adjoined by many established businesses such as a beauty salon, hairdressing salon, bottle shop, pizza food outlet, Chinese restaurant, milk bar and many other established and complimenting businesses that Hughesdale has to offer.
Close proximity to major arterials including Princess Hwy and Monash Freeway (M1), providing great and easy access to all directions of Melbourne. Also located just down the road from the Iconic Chadstone Shopping Centre which is the biggest shopping centre in Australia and arguably in the Southern Hemisphere
- Long standing tenancy since August 2012 to Sue Wright clinic specialising in Full body imaging, diathermy, electrolysis and medi-pedicures
Tenant has two (2) further options of three (3) years
- Annual increases fixed at 4%
- Current rental $21,900 per annum plus GST plus Outgoings
- Prominent corner on busy Poath Road Hughesdale
- Total building area 60m2 approx which includes reception area, three (3) partitioned rooms, kitchenette and toilet
- Two (2) allocated and secure car spaces
Auction Thursday 19th October 2017 at 1pm on-site
Ryan Amler: 0401 971 622
Zomart He: 0433 081 721