Recently acquired by a reputable licensed building and fitout professional group ready to bring this neighbourhood shopping complex back to life (previously owned and inherited by a family for over 35 years).

A group of 8 shops on the corner of Hawson Avenue and Shelley Avenue in North Plympton, it is surrounded by a medium to high density mix of character homes and newly built dwellings.

Shop 4 and 7 currently leased to a local Real Estate Agency and Hairdresser (respectively). We are calling out for future tenants to join and create a functional and sustainable tenancy-mix of shops offering a variety of goods and services to the local neighbourhood and beyond. The area is screaming for their local Deli, Cafe, Restaurants and retail outlets alike!

Shop 1 (72.4 sqm*): $13,500 - $16,500 p.a. + 14.20% of Outgoings

Shop 2 (66.7 sqm*): $15,000 - $17,000 p.a. + 13.08% of Outgoings

Shop 1 & 2 (139.1 sqm*): $25,000 p.a. + 27.28% of Outgoings

Rate range and Rent Incentive is dependent on:

- Lease Term Commitment (3-5 years favourable)

- Lessor Works Requested (rent incentive not likely) – Ceiling, Lighting, Flooring, power, etc

- Lessee to perform Works (rent incentive likely)

Owner/builder to give the centre a massive face lift, clear and maximise the rear car parking area and negotiate fit-out options for all vacant shops. A rare opportunity, to say the least!

Negotiate with owner/builder before securing a 3-5 year lease term.

Terms for negotiation:

- Fit out (New lighting, air conditioning solution, non-structural fit out, ceiling repairs, painting, etc.)

- Rental p.a. Rates $210 psm - $260 psm available

- Rent incentives vs Owner contributions

- Lease term and options of renewal (3-5 years)

- Options of combining available neighbouring tenancy areas for a larger area.

Centre upgrades include:

- Demolishing rear carport and verandah area and open rear area up to maximise car park capacity (line marking accordingly)

- Corner shop and highest exposed revamp for benefit of the whole centre (Anchor Tenant - Cafe)

- New Toilet block with female/male/disabled requirements met

- Resurface and polish terrazzo tiles on facade of building

- New flooring (2-3 selections provided - tiles, floating floorboards, polish existing etc.)


If you would like to inspect the property please contact Nick Mastrangelo 0401 790 753 or Dion Mastrangelo 0431 576 848 or Mastracorp Land line 08 8212 0140

Address 44-52 Hawson Avenue, North Plympton
Price Contact Agent
Property Type Commercial
Property ID 1700
Category Retail, Offices, Showrooms/Bulky Goods

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Nick Mastrangelo

0401 790 753
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