Set & Forget | Long Term Tenant with New 5 Year Lease - SOLD

RWC (Oakleigh) presents 46 Wanda Street, Mulgrave to the market for sale available through a public auction on Tuesday 17th September 2024 at 11:00am - an exceptional investment property leased to the well-established & long term Wanda Pizza since 2004, a cornerstone business in the local community. This property offers a secure and attractive income stream with the potential for future growth.

The property is situated in a thriving local shopping village that includes a number of complimenting essential services such as Local IGA, butcher, bakery, fish & chips, Café, newsagent & pharmacy.

This vibrant commercial hub attracts a steady flow of foot traffic and serves as a key destination for local residents.

Key Property Benefits:

• Total building area | 178m²*
• Total land area | 203 m²*
• Comprising of a shop front & 3 bedroom residence
• Long-term & established business since 2004
• Recently renewed 5 year lease with options
• Current Rent | $41,000 p/a plus GST and Outgoings
• Convenient rear access with onsite parking
• Commercial 1 Zoning (C1Z)
• Terms | 10% deposit, 30 - 90 days

Positioned close to key roads such as the Monash Freeway (M1) and Princes Highway, the property offers excellent connectivity to Melbourne's CBD and surrounding suburbs. The area is well-served by public transport, with the nearest train station being Springvale Station, 3.6km* away.

Mulgrave has experienced significant growth and development, making it an attractive area for investors. The suburb's ongoing infrastructure improvements and increasing population density are driving demand for commercial properties.

Inspection Times:

• Tuesday 27th August | 2:30PM - 3:00PM
• Tuesday 3rd September | 2:30PM - 3:00PM
• Tuesday 10th September | 2:30PM - 3:00PM
• Tuesday 17th September | 10:30AM - 11:00AM (Auction Day)

For further information and to obtain a copy of the contract or information memorandum, please contact one of the exclusive marketing agents below:

Ryan Amler | 0401 971 622
George Ganavas | 0478 634 562

*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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