Description
This is a fantastic opportunity to secure a potential prime retail/showroom/development site in the much desired location of Victoria Street, Richmond. Set ideally amongst the strips best showroom and retail shops and leased to a secure tenant until 2016 the site offers the purchaser any number of potential future uses (STCA).
* Net income of $58,349.40 approx. p.a. with 3% annual increases
* Lease expires 01/03/2016 with no further options
* Sold as a going concern
* Land area: 370 sqm (approx.) Building area: 400 sqm (approx.)
* 4 Onsite car spaces
* Public transport easily accessible with Victoria Street and Church Street trams and train and buses nearby
* Commercial Zone 1
* Invest, occupy or develop (STCA)
* Front and rear roller door access
The property is set securely within the hustle and bustle Victoria Street, Richmond being located just moments from the corner of Church and Victoria Streets and set amongst some of Richmond’s best retail showrooms, restaurants and bars making this an ideal location. Prominent exposure to street traffic and significant street frontage creates massive potential for a variety of potential uses (STCA).