Key Features:
• Secure Tenancy: Enjoy a stable rental income with a 3+3+3-year lease and an established tenant.
• Strong Returns: Benefit from a current annual rental of $27,000 (plus GST and outgoings) with guaranteed 5% annual increases.
• Development Potential: Leverage the approved plans to build two apartments on top of the existing shop, adding significant value to your investment.
• Convenient Location: Situated in a tightly held retail precinct near Cranbourne Train Station, this property enjoys excellent accessibility and exposure.
Property Details:
• Land Area: 233m²
• Building Area: 111m²
• Commercial Zoning: C1Z (Suitable for various uses)
• Amenities: Gas connection, grease trap, 3-phase power, separate kitchen, security roller door, ample street parking, and right-of-way access.
Don't miss this opportunity to secure a property with both immediate rental income and long-term development potential.
