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SOLD

422 Glen Huntly Road, Cnr Orrong Road, Elsternwick, VIC, 3185

Properties / Sold / Victoria / Elsternwick

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Contact Agent

Land Area

531 m² (*approx)

Floor Area

360 m² (*approx)

Property Type

Retail, Land, Offices

Terms

Recently renewed 4 year lease

Est. Income

$205,742 p/a

Fully Leased

Westpac Bank

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2. Property Highlights

PREMIER CORNER RETAIL INVESTMENT

Recently renewed 4 year lease
High exposure corner investment
Triple net lease

** SOLD **

Gross Waddell ICR is delighted to offer for sale this blue chip retail investment positioned within the ever popular Glen Huntly Road shopping precinct.

Key highlights include:

• Recently renewed 4 year lease to Westpac Bank plus options

• Rental of $205,742.50* p.a. (Sept 24) – triple net lease (all outgoings paid by tenant)

• Annual 3% fixed increases, market review at option(s)

• Ultra prime corner landholding of 531 sqm*

• Three street frontages

422 Glen Huntly Road, Elsternwick is being offered for sale via Public Auction on Thursday 22nd August at 1pm onsite. For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*Approx.

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