515 Middleborough Road, BOX HILL NORTH VIC 3129 SOLD
- Income: $62,350 pa + GST + outgoings
- Long lease to longstanding tenant
- Prominent corner freehold investment
Description
Gorman Commercial is pleased to offer 515 Middleborough Road, Box Hill North for Sale by Public Auction on Thursday 25th July at 12 noon on-site.
Key property features include:
* Income: $62,350 pa + GST + outgoings
* Four (4) year lease with options
* Leased to longstanding Kerrimuir Newsagency & Tattslotto, been trading as current use for 25+ years
* Prime Commercial 1 zoning suitable for a variety of alternative uses (STCA)
* Building area: 234sqm plus valuable on-site car parking
* Land area: 208sqm providing future development potential
* High exposure corner site providing multiple options to purchasers for future development, sub-division or value-add (STCA)
* Located within the popular and tightly held Kerrimuir Shopping Village with zero vacancy rate
* Three street frontages to Middleborough Rd, Springfield Rd and Edith Lane and combined frontage of 41+ metres