Unique opportunity to secure a tightly held retail investment in the renowned Jackson Court precinct. With a new five (5) year lease in place, further development potential to encompass this underutilized site will guarantee future growth on your investment, taking advantage of the shortage of retail properties in the shire of Manningham. Located in a Commercial 1 zone with no height restraints will enable the future developer the opportunity to capitalize on this multiple-use site (Subject to council approval).

Key features:
– Land area 274m²*
– Building area 90m²*
– Rental $25,000 per annum net
– Lease Five (5) Years, with options: Five (5) Years + Five (5) Years
– Zoning | Commercial 1

Sales Analysis*
Marketing Budget$6,866
Sale MethodAuction
Marketing Period5 weeks
Sale Price$900,000
Sale DateSeptember 2015
Total Enquiry101

 

Sales Process
ProcessSold at Auction
Sale Price$900,000
Amount Above Reserve$300,000
Yield2.77%
Auction Attendance150