- Potential fully let income: $52,500 pa
- New 3+3-yr lease to longstanding tenant
- Two separate tenancies
Description
Gorman Allard Shelton is pleased to offer 1123 Toorak Road, Camberwell for private sale.
Acquire this well-presented and versatile freehold investment securely leased on the ground floor to a longstanding tenant and benefiting from separately accessed first floor spacious two-bedroom apartment.
Key property features include:
* Land area: 264 sqm (approx.)
* Potential fully let income: $52,500 per annum
* Recently renewed 3 + 3 year lease on the ground floor returning $30,416 pa + GST + outgoings (Current lease term expires 30/11/2026)
* Valuable 4% annual rental increases throughout the term
* Ground floor hairdressing salon is a longstanding tenant
* First floor tenancy is a spacious two (2) bedroom apartment, plus large lounge room/3rd bedroom
* The property provides two separate tenancies providing options for two income streams
* Wide rear ROW access with secure on-site parking available for both tenancies
Ideally located within Hartwell Shopping Centre and within close proximity to major arterial routes, Leo’s Supermarket and metres from Hartwell Train Station.