Description
This single level retail shop has a broad frontage to Main Street and is very much in the "heat of the action". The property is securely leased to an established pizza shop on a new 7 year lease of $42,000 and the tenant pays all the outgoing (except land tax). The tenant has a further option of 5 years.
The property also boasts rear access, car parking and basement storage. There would appear to be the opportunity in the future to undertake further redevelopment of the property - particularly at the rear (STCA).
Here is an opportunity to secure a retail investment with a long lease in a prime retail strip.
Please contact Vince McQuillen on 0418 380 136 or Stephen Gorman on 0418 321 828 to obtain a copy of the Information Memorandum and to arrange an inspection.
AUCTION - Friday, 4 March 2011 at 12 noon on site