- Rental income: $71,630 pa + GST
- Versatile building of 412 sqm*
- Two street frontages
Description
Gorman Commercial is pleased to offer 773 Pascoe Vale Road, Glenroy for private sale.
The property presents an outstanding main road building, with two street frontages and is securely leased to a longstanding tenant on a 10 year lease.
Key property features include:
* Rental income: $71,630 pa + GST
* Building area: 412 sqm approx.
* Land area: 348 sqm approx
* Abutting council car parking with entrance from the rear council car park as well
* Two (2) street frontages
* Zoning: Commercial 1
* Future development upside (STCA)
* Walking distance to the brand new and recently completed Glenroy railway station
* The immediate location is underpinned by quality anchor tenants including Coles Supermarket, Direct Chemist Warehouse, Commonwealth Bank and many more local service retail businesses
Located in the prime position of the Pascoe Vale retail strip, this excellent set and forget retail investment offers both income, security and long-term development potential.