High Exposure Corner Retail Store Leased to an Asian Grocery Retailer

Gorman Commercial’s David Minton and Tom Maule have leased 611 Canterbury Road, Surrey Hills. The property which the pair recently sold at auction for $2,000,000 has been leased to an Asian fruit and vegetable retailer. The 5-year lease was struck on a commencing rental of $100,000 per annum for the 400m2 building. Mr Minton said, “The property generated a wide range of interest given its high exposure corner positioning on the entry to the highly regarded Surrey Hills retail village which recently saw the opening of the first Coles Local store and over recent years has undergone a significant transformation.”