LEASED SEASIDE INVESTMENT OUTSTANDING OPPORTUNITY
Ray White Commercial Victoria is delighted to present to one lucky purchaser this fantastic retail / residential investment opportunity leased to an established and busy cafe on ground level (37 Armstrongs Road Seaford) plus the added bonus of a separately leased two (2) bedroom residence all with its own access and street frontage on the rear (8 Newton Place Seaford).
Located in the South-eastern growth corridor and situated approx 700m from the beach and approx 2.7km to Carrum train Station and 1.5km to Seaford train station.
This two level free-hold building is currently leased to a cafe trading as Bear & Cub since 1st March 2016 for two (2) years with two (2) further terms of two (2) years each. Current rental is $13,458.76 per annum plus GST plus Outgoings. The separate two bedroom residence has been leased since October 2015 with new 12 month lease from 15/5/17 and current rental being $1,118pcm.
Total current combined rental is $26,874.76 per annum approx.
Don't miss out on this outstanding opportunity to add this two level freehold investment to your property portfolio for a long term investment opportunity and watch this investment flourish!
Key Features:
Two level free-hold building with two street frontages (37 Armstrongs Road & 8 Newton Place)
Total building area 187.92m2 approx of which ground floor comprises of 97.05m2 approx and the first floor residence being $90.87m2 approx. Total land area 191m2 approx.
Ground floor leased as a Cafe T/A Bear and Cub since March 2016 with a two (2) year lease with two (2) further terms of two (2) years each. Annual increases of 3.5% and a market review on commencement of further terms.
First floor leased since 2015 with new 12 month lease from 15/5/17 comprising two bedrooms, living area, kitchen, covered veranda with decking and two split system heating / cooling units. All with its own street frontage and private entrance.
Current combined rental $26,874.76 per annum approx.
Located approx 700m from the beach and approx 1.5km to Seaford Train Station or 2.7km from Carrum Train Station
B1Z Business 1 Zoning
Auction: Friday 7th July at 11.30am On-site
Ryan Amler - 0401 971 622
Joshua Colosimo - 0413 790 309
Located in the South-eastern growth corridor and situated approx 700m from the beach and approx 2.7km to Carrum train Station and 1.5km to Seaford train station.
This two level free-hold building is currently leased to a cafe trading as Bear & Cub since 1st March 2016 for two (2) years with two (2) further terms of two (2) years each. Current rental is $13,458.76 per annum plus GST plus Outgoings. The separate two bedroom residence has been leased since October 2015 with new 12 month lease from 15/5/17 and current rental being $1,118pcm.
Total current combined rental is $26,874.76 per annum approx.
Don't miss out on this outstanding opportunity to add this two level freehold investment to your property portfolio for a long term investment opportunity and watch this investment flourish!
Key Features:
Two level free-hold building with two street frontages (37 Armstrongs Road & 8 Newton Place)
Total building area 187.92m2 approx of which ground floor comprises of 97.05m2 approx and the first floor residence being $90.87m2 approx. Total land area 191m2 approx.
Ground floor leased as a Cafe T/A Bear and Cub since March 2016 with a two (2) year lease with two (2) further terms of two (2) years each. Annual increases of 3.5% and a market review on commencement of further terms.
First floor leased since 2015 with new 12 month lease from 15/5/17 comprising two bedrooms, living area, kitchen, covered veranda with decking and two split system heating / cooling units. All with its own street frontage and private entrance.
Current combined rental $26,874.76 per annum approx.
Located approx 700m from the beach and approx 1.5km to Seaford Train Station or 2.7km from Carrum Train Station
B1Z Business 1 Zoning
Auction: Friday 7th July at 11.30am On-site
Ryan Amler - 0401 971 622
Joshua Colosimo - 0413 790 309
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.