PRIME HOSPITALITY INVESTMENT
Ray White Commercial Oakleigh is pleased to offer 271 Huntingdale Road Oakleigh to market by way of Public Auction on Wednesday 13th April 2022 @ 12:00 pm. Highly sought after and tightly held properties like these do not come up very often.
If you are searching for a secure and long term investment property that ticks all the boxes then this is the one for you. This is a great opportunity to purchase an asset with excellent growth opportunities and with a current long term lease in place to Tang Chinese Cuisine.
The property is situated in the prime Huntingdale Road shopping strip with easy access to Princes Highway and North Road. The property comprises of a total building area of 605m2* which includes 535m2* on ground level plus a modern two (2) bedroom / two (2) bathroom caretakers residence of 70m2* on the first floor, with its own private entrance. The property is conveniently 260m* walk to Huntingdale Train Station and is also a short 3km*drive away from Oakleigh Central.
The property has been trading as Tang Chinese restaurant since 2018 with three (3) further terms of five (5) Years. Returning $101,920 per annum (As of 15th June 2022). The business was acquired by new owners in September 2021 who have a vested interested in remaining for the long term.
We highly recommend the property for your consideration as it offers the opportunity to buy:
• Prime Freehold with further upside potential (STCA)
• Unique opportunity to own a highly sought after hospitality investment
• Leased to established Chinese Restaurant since 2018
• Substantial freehold asset in thriving location
• Close to major arterials and public transport
• Excellent surrounding amenities
Inspection Times
21st March - 12:00pm-12:30pm
28th March - 12:00pm-12:30pm
4th April - 12:00pm-12:30pm
11th April - 12:00pm-12:30pm
To Register to Bid Online: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property:
https://anywhereauctions.com.au/app/property?propertyId=21863
For further information please contact one of the exclusive marketing agents:
Ryan Amler | 0401 971 622
Simon Liang | 0451 954 318
*All areas and figures are approximate 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 Agent.
If you are searching for a secure and long term investment property that ticks all the boxes then this is the one for you. This is a great opportunity to purchase an asset with excellent growth opportunities and with a current long term lease in place to Tang Chinese Cuisine.
The property is situated in the prime Huntingdale Road shopping strip with easy access to Princes Highway and North Road. The property comprises of a total building area of 605m2* which includes 535m2* on ground level plus a modern two (2) bedroom / two (2) bathroom caretakers residence of 70m2* on the first floor, with its own private entrance. The property is conveniently 260m* walk to Huntingdale Train Station and is also a short 3km*drive away from Oakleigh Central.
The property has been trading as Tang Chinese restaurant since 2018 with three (3) further terms of five (5) Years. Returning $101,920 per annum (As of 15th June 2022). The business was acquired by new owners in September 2021 who have a vested interested in remaining for the long term.
We highly recommend the property for your consideration as it offers the opportunity to buy:
• Prime Freehold with further upside potential (STCA)
• Unique opportunity to own a highly sought after hospitality investment
• Leased to established Chinese Restaurant since 2018
• Substantial freehold asset in thriving location
• Close to major arterials and public transport
• Excellent surrounding amenities
Inspection Times
21st March - 12:00pm-12:30pm
28th March - 12:00pm-12:30pm
4th April - 12:00pm-12:30pm
11th April - 12:00pm-12:30pm
To Register to Bid Online: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property:
https://anywhereauctions.com.au/app/property?propertyId=21863
For further information please contact one of the exclusive marketing agents:
Ryan Amler | 0401 971 622
Simon Liang | 0451 954 318
*All areas and figures are approximate 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 Agent.
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.
Due diligence checklist for home and residential property buyers.