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.
- 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