Blow Your Hair Back
This prime retail asset is being sold for the first time in over 50 years. A two-storey Victorian building in the heart of the Glenferrie Road retail strip rarely gets offered to the market place.
With a strong tenant, this opportunity is one of the best in the market for any investor who wants to own a piece of Melbourne???s finest commercial real estate.
??? Net Income: $62,000 per annum
??? Net Lettable area: 141.5 square metres (approx.)
??? Land Area: 235 square metres (approx.)
??? Leased to established tenant- Rhodes Hair Studio
??? 4% annual increases and market review at option ??? 3 x 3 year options
??? Prime Glenferrie Road retail strip location
??? Public transport easily accessible with Glenferrie Rd Train Station, trams and buses nearby.
??? 7 tandem car parks
??? First time offered in over 50 years
??? Long standing tenant in excess of 25 years
For Sale by way of Public Auction June 28 at 12pm on-site.
Lot/Plan No: 2/PS714403
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