1/2 Peace Street Springvale, VIC 3171

Sold on 7 Jun 2018
  • Building: 94m²

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Industrial/Warehouse in Springvale


  • Building: 94m²

Ray White Commercial Victoria is pleased to offer unit 1/2 Peace St, Springvale to market via public auction on Thursday 7th June, 2018 at 1pm on-site.

Located just off Centre Road, near the intersection of Springvale Road and Princes Hwy and with a Three (3) year lease with options, this is the perfect addition to your property portfolio and even better for a first time commercial investor looking to get into the market.

Tenancy Details:

  • Leased to Chara Enterprises Pty Ltd T/A Tea & Spice Specialty Chai
  • 3 Year lease with two further terms of 3 years each (Commenced July 2017)
  • Current income $18,200 Per annum plus GST and Outgoings ($18,746 p/a as of 14/7/18)
  • Annual increases 3%
  • Two months security bond

Property Details:
- Total building area 94m2 approx.
- Fully functional commercial kitchen comprising canopy with extraction fans, grease trap, 3 Stainless Steel bench tops all with sinks and water supply, hand basin, food-grade sealed floor and HWS
- Wide street frontage with two allocated car spaces
- Convenient location near Springvale Road and Princes Highway intersection and within close proximity to other major arterials

Terms: 10% Deposit, Settlement 30-60-90 days

AUCTION Thursday 7th June 2018 @ 1pm on-site

Ryan Amler - 0401 971 622
Joshua Colosimo - 0413 790 309