High Exposure Freehold Investment
196 Warrigal Road, Oakleigh VIC
Property Highlights
Renewed 7 Year Lease to 2027
Prime North & Warrigal Rd Intersection
Tenant pays usual outgoings
Description
+ Renewed 7 Year lease to Aug 2027 plus options to 2041
+ Lease to successful and longstanding tenant, same location for 10+ years
+ 250sqm well presented 2 level building with high quality capital intensive 2020 new fit-out
+ Prime 137sqm site with premium commercial 1 zoning
+ Irreplaceable position at the intersection of Warrigal Road and North Road
+ Fixed 2.5% rent increases
+ Tenant responsible for usual outgoings
+ Single tenant minimum management investment
+ Oakleigh: 2km from Chadstone Shopping Centre and 15km from the Melbourne CBD
+ Net income: $62,995 pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 31 March 2021
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
137 SQM
Building Area
250 SQM