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SOLD

11 Commercial Road, VIC, 3004

Properties / Sold / Victoria / Melbourne

Vacant Possession

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

43 m² (*approx)

Property Type

Retail

Terms

7 year lease (commenced September 2022) with further 5 year option

Est. Income

$54,600 p/a

Fully Leased

SpudBAR

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2. Property Highlights

SECURELY LEASED INVESTMENT OPPORTUNITY TO SPUDBAR - 7 YEAR LEASE

Teska Carson are pleased to offer SpudBAR, 11 Commercial Road, Melbourne, for Private Sale.

Key attributes of this exceptional opportunity include:

- Brilliant investment that is securely leased to highly popular healthy food business SpudBAR, that has 16 locations throughout Victoria and ACT.

- 7 year lease (commenced September 2022) with further 5 year option

- Annual income of $54,600 + GST & Outgoings

- 5% annual increases

- Two (2) on-title car spaces

- Situated underneath the Chevron Green mixed use development, surrounded by a diverse mix of high performing food and beverage retailers that services local residents and business workers along St Kilda Road and the Alfred Hospital.

- Commercial 1 zoning

- Surrounded by excellent amenity such as Fawkner Park, Albert Park and nearby Botanical Gardens.

- Close proximity to public transport amenities including Tram Routes 72, 3, 5, 6, 16, 64 & 67 and Bus Routes 603 & 604 whilst being only 4 km from Melbourne’s CBD

- Property’s location allows it to benefit from over 42,000+ passing vehicles daily.

Please call for further information or to arrange an inspection.

Luke Bisset 0400 344 211

Matthew Feld 0415 803 348

Remember to mention you found this property on CommercialReady