- New 5 year lease to Existing Tenant
- Rental income of $81,264 pa*
- Rarely offered retail investment
Description
Discover an exceptional investment opportunity in the heart of Canterbury. This prime retail freehold is situated within the heart of Maling Road's iconic shopping village and provides secure income from a well established tenant.
This asset is well worth consideration for any investment portfolio.
Key Features:
* A brand new 5 + 5 + 5 year lease in place, offering a secure income stream well into the future.
* The property, spanning a 121 sqm* freehold site with a generous building area of 157 sqm*, offers versatile retail and first floor accommodation.
* Strong rental income of $81,264* pa + GST
* Ideal for investors seeking a strategic location with foresight into the area's evolving landscape.
* Occupied by an established caf� operator, trading since 2016.
* Rarely offered freehold property in the highly sought-after suburb of Canterbury, complimented by the enchanting array of boutiques, eateries and it's rich history.
* Locale is underpinned by the affluent area, Canterbury median house price of $3,195,000**.
Excellent transportation options highlighted by Canterbury Railway Station, part of the Belgrave/Lilydale train line, offer convenient train services. Additionally, public bus routes serve the area, connecting Maling Road to surrounding suburbs and an abundance of public parking facilities.
*Note: All measurements are approximate
** Source REIV Median data for December Quarter 2023