- Two-Level Freehold Investment
- New 7-Year Lease Ground Floor
- Vacant First Floor Office
Description
An outstanding opportunity to acquire a two-level freehold, with Advantage Pharmacy Elsternwick occupying the ground floor and additional income potential from a vacant first floor office/residence. A rare opportunity that would suit an array of investor profiles.
Auction: Wednesday 13th October 2021 at 12 noon on-site
Key property features include:
* Tenant: Advantage Pharmacy
* Brand new 7 year lease
* Current income: $60,000 pa net
* Potential income: $90,000 pa net
* Long-term use as a pharmacy (GF)
* Vacant first floor office with dual separate access enabling income stream potential
* Land area: 280 sqm approx.
* Rear access with on-site parking
The property is strategically located in the heart of the thriving Elsternwick retail precinct. Immediate proximity to national tenants including Coles, Bank of Melbourne, Nando's, Optus and Officeworks.