Other... for sale

580 Glenhuntly Road,

Elsternwick, VIC

0 0 0
$1,150,000

Securely Tenanted High Exposure Retail Property

Situated in the hub of Elsternwicks' prime retail area this outstanding 2 level property comprises of restaurant downstairs, 2 bedroom apartment upstairs with its own entrance and garage accessible from the laneway.

Leased to a well established Japanese Restaurant under the following terms:
* Current rent of - $44,133 p.a plus outgoings
* Lease expires - January 2013
* Annual reviews - 3% p.a
* Options - One further term of 5 years
* Land area - 267 sq.m (aprox)
* Zoned - Business 1 Zone (B1Z)

Offers the astute buyer a secure and appreciating investment opportunity. Melway Ref 67J4.
Last updated: 03:35PM on Jun 1st 2012
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Noel Jones Caulfield

116 Hawthorn Road
Caulfield VIC, 3162
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580 Glenhuntly Road