| House | $1,834,800  |
| Unit | $768,700  |
| Land | $2,217,300 |
Surrounding suburbs
| Caulfield North | $1,827,100 |
| Malvern | $2,251,400 |
| Prahran | $1,627,600 |
| St Kilda East | $1,501,100  |
| Toorak | $2,045,700 |
| More Photos |
| Map | Nearby prices |
| Property Description: |
Ray White Commercial Oakleigh is delighted to present this outstanding stand-alone retail investment opportunity located in the affluent suburb of Armadale. Boasting one of Melbourne’s most reputable and well-acclaimed Italian restaurants, Zia Rina’s Cucina, this secure investment property is certainly one that you want to add to your investment portfolio. Armadale’s coveted status as one of Melbourne’s most prestigious and gentrified south-eastern suburbs should certainly ensure that this property appeals to those savvy investors looking to purchase a prime retail investment with exceptional growth opportunity going forward. Don’t miss out on this great chance to secure an exclusive stand-alone retail investment with an outstanding tenant in place. - Total land area 128m2 approx - Building area 70m2 approx - Rear laneway access - Currently returning $42,230 p/a plus gst plus outgoings - Five (5) year lease commenced 2015 with Two (2) further Five (5) year terms with 3% fixed annual increases - Five star tenant Auction: Thursday 23rd March, 2017 @ 11:00am on site Paul Rizzo - 0418 688 888 Ryan Amler -Read more Lot/Plan No: 2/PS349373 |
| Planning History: |
| [30 Sep 2009] Use of the site as a restaurant and associated buildings and works and waiver of car parking requirements in a Business 2 Zone. Cost $80,000. Status: NOD |
| [17 May 2010] S72 Amendment to approved Planning Permit and/or Plans - amend permit preamble to include ' Restaurant and Cafe Liquor Licence'. Status: NOD |
| [17 May 2010] Use of the site as a restuarant and waiver of car parking requirements |
| [10 Nov 2010] Construction and display of an above verandah sign on a lot within a Business 2 Zone. Cost $1,500. Status: Refused |
| [24 Apr 2018] Transfer of Licence |
| Search neighbour's planning permit |
| Property report from Government |
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