25 Separation Street, NORTHCOTE VIC 3070 SALE
- Secure longstanding tenant of 30+ years
- Income: $89,588 pa + GST + outgoings
- Lease Term: 8 years + 8 years
Description
Gorman Commercial in conjunction with Arvis & Collins is pleased to offer Shops 31A & 32, 25 Separation Street, Northcote, for sale by Public Auction on Thursday 10th September at 12 noon on-site.
The property proovides an outstanding opportunity to acquire this well positioned double shop investment, securely leased to longstanding tenant and abutting Coles Supermarket.
Key Highlights as follows:
- Income: $89,588 pa + GST + outgoings
- Lease Term: 8 years + 8 years
- Longstanding tenant of 35 years
- Immediately abutting Coles Supermarket and within the established and thriving Northcote Plaza Shopping Centre
- Two shops comprising one tenancy on two titles.
- Excellent customer centre car parking with over 900 car spaces
- The centre is anchored by proven large format retail tenants such as Coles supermarket, Dimmey’s, Melbourne pathology, Bakers Delight, Deganis Café, plus many more.
- The area continues to see significant capital and planning proposals with a potential $500 million mixed-use redevelopment at Northcote Plaza, set to further enhance the precinct’s long-term growth.
Gorman Commercial
Tom Maule | 0401 636 049
Arvis & Collins
Jerry Tsiligiannis | 0418 840 800