- Securely leased retail investment
- Ideal SMSF invesment
- High exposure location with parking
Description
Gorman Commercial is pleased to present 537A & 537B Whitehorse Road, Mitcham for sale by way of two public auctions to be held Thursday 22nd November commencing on-site from 12 noon.
Two outstanding high exposure retail investments located in busy Whitehorse Road, Mitcham. These two investments provide the ideal "set and forget" investments perfect for investors and SMSF buyers.
Key attributes of these properties include:
* Two well-presented retail premises each of 87 sqm approx. with rear on-site parking
* 537A Whitehorse Road – secure 3+3+3 year lease to H-Kebab from Feb 2018 with income of $37,000 p.a. + GST + outgoings
* 537B Whitehorse Road – leased to longstanding tenant, Crust Pizza, with income of $36,951 p.a. + GST + outgoings with 4% annual increases
* Ideal low maintenance "set and forget" Self-Managed Superannuation Fund investments
The properties are well located close to the intersection of Mitcham Road and Whitehorse Road forming part of the Mitcham retail strip which is well represented by national retailers including Coles, Pet Stock, ANZ, Commonwealth Bank, Drummond Golf and Fernwood Fitness. The properties are in close proximity to Mitcham Train Station, bus interchange and within minutes of Eastlink and the Eastern Freeway.