Gorman Commercial FOR SALE

515 Middleborough Road, Box Hill North

auction

CRACKING KERRIMUIR SHOPPING VILLAGE CORNER INVESTMENT

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

Listing Highlights

  • Income: $62,350 pa + GST + outgoings
  • Long lease to longstanding tenant
  • Prominent corner freehold investment

Property Details

Asset Type
Retail
Building Area
234 m2*
Land Area
208 m2*
Price
Contact Agent

Tom Maule

0401 636 049

tmaule@gormancommercial.com.au

Nathan May

0452 210 491

nmay@gormancommercial.com.au