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Thriving Essential Service Investment

28 Harrington Square , Altona VIC

Property Highlights

Secure 7 Year Lease + options to 2041
Fixed 3% Annual Rent Increases
Modern 60sqm quality fit-out
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Description

+ Secure 7 year lease to 2027, with 2 further options of 7 years to 2041.
+ Thriving Essential Service takeaway shop (Piggy Smalls), located in the busy Harrington Square.
+ Modern 60sqm quality fit out located directly opposite Westona train station.
+ Fixed 3% Annual Rent Increases, assuring growth
+ Surrounded by important social infrastructure including 12 primary and secondary schools servicing a combined 5,400 full-time students
+ Strategically positioned in Harrington square benefiting from a large amount of foot traffic to the centre and located within 13km of the Melbourne CBD
+ Located within 3.5km of three Coles Supermarkets, Bunnings Warehouse, IGA, Australia Post, and the Altona library and beach.
+ The subject property is positioned between Harrington Street & Maidstone Street which services 9,200 cars daily on average daily.
+ Altona Population 2021: 14,703 residents currently and expected to grow to 18,605 by 2041 (22.87% growth).
+ Net Rent: $30,900 + GST

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Building Area
60 SQM

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