1/20-22 Old Dandenong Road Oakleigh South, VIC 3167

Sold on 2 Nov 2017
  • Building: 93m²

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Retail in Oakleigh South

Delicious Retail Investment With Upside (STCA) - Circa 4.7% "Price reduced to sell"

  • Building: 93m²

Ray White Commercial Oakleigh is delighted to present to one lucky purchaser this fantastic retail investment opportunity currently leased to a long running and established bakery while also offering future development potential (STCA).

Offering an opportunity not to be missed and located in one of Melbourne's most in demand south-eastern pockets, this single level free-hold building currently trading as the Continental Bakehouse and cafe since January 2004 is the perfect addition to your investment portfolio.

Key Features:

  • Total building area 93m2 approx.
  • Total land area 138m2 approx.
  • Returning $31,906 per annum plus GST plus Outgoings (as of 15/01/2018)
  • 5 year Term commenced 15/01/2014
  • Fixed 4% annual increase
  • Tenant has no further options however happy to negotiate a new lease with options
  • 3 Phase power connected
  • 2 Car spaces at rear
  • Large laneway at rear allowing rear access
  • Commercial 1 Zoning (C1Z).

Private Sale - $670,000

George Kelepouris - 0425 798 677
Theo Karkanis - 0431 391 035