Wantirna South

VENDOR PREPARED TO MEET THE MARKET !!!!!

This high-profile 2-level retail/office building presents a compelling opportunity for investors seeking strong, secure income in a strategic location opposite Westfield Knox, within a tightly held and vibrant strip complex.

The property is fully tenanted with strong lease terms:

• Ground floor: New 5-year lease with options.
• First floor: New 3-year lease with 2 further 3-year options.

With its versatile layout, the building appeals to a broad range of businesses, including retail, medical, or professional office uses. The secure, long-term tenancies provide immediate cash flow, making this an attractive investment proposition.

PROPERTY ATTRIBUTES   
+ Total building area: 180m2*
+ Private on-site parking
+ Kitchenette & Toilet on both levels
+ Separate entrance to first floor
+ Modern fit-out to ground floor
+ High exposure location
+ Ample public parking

GROUND FLOOR LEASE DETAILS   
Tenant: Men's Hair Dressing salon
Rental: $52,000 Per Annum, Plus GST, Plus Outgoings
Term: New 5 years x 5 years lease.

FIRST FLOOR LEASE DETAILS   
Tenant: Leaf Massage
Rental: $20,000 Per Annum, Plus GST and Outgoings
Lease Term: 3 Years - Commencing 09/04/2024
Further Options: 2 x 3 Years
CPI Annual Increases & Market Review at End of Term

* Approximate

For more information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.