11
Price
Contact Agent
Building Area
208 sqm
- Prime corner location with parking
- Combined income: $99,400 pa net
- Future development potential (STCA)
Description
Outstanding two-level prime corner location with on-site parking adjoining the council car park.
Auction: Friday 21st May at 12 noon on-site
Key property features include:
Ground Floor:
* Lease: 4 + 4 years
* Income: $60,000 pa net
* Rent Review: Fixed 3% annually
First Floor:
* Lease: 3 + 3 years
* Income: $39,392 pa net
* Rent Review: Fixed 3% annually
* Total combined income: $99,400 pa net
* Two (2) separate tenancies
* Development potential in the future (S.T.C.A.)
Located near the corner of High Street opposite Custom Lighting and the Malvern Town Hall.