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Retail in Dandenong
EXCELLENT CASH COW INVESTMENT WITH THREE TENANCIES ON ONE TITLE
- Building: 63m²
Located within the Vanity Court Arcade in the heart of the Dandenong CBD, close to the Government Services Building and the new Civic Plaza Development (Council & Library)
- Total building area 63.5m2 approx
- To be sold as one
- Comprising three (3) separate tenancies with a total combined gross income of $24,000 per annum as follows;
SOLICITOR
- Total area 25m2 approx.
- Tenant since 2012
- New 3 year lease commenced October 2015 with one further term of 3 years
- Rental $9060 per annum gross
- 4% annual increases and Market Review at option
HAIRDRESSER
- Total area 27.5m2 approx.
- Long term tenant since 1998
- Leased since March 2012
- 3 + 3 + 3 year lease
- Rental $8400 per annum gross
- Annual increases of 4% and Market Review at options
OFFICE
- Total area 11m2 approx.
- New 1 year lease commencing May 2016
- Rental $6540 per annum gross
Ryan Amler 0401 971 622
Paul Rizzo 0418 688 888
Building:
63m²
Categories:
Retail, Offices
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