A rare opportunity to acquire all elements of a smart purchase, including the significant land holding of 1391 sqm distributed over two titles and situated on a corner allotment without compromise to sustainable cash flow enjoying 6.5% - 7% return on investment from two long term tenancies.

Features to the property include:

- Land size 1391 sqm* over 2 Certificate of Titles.

- Dual frontage (Corner allotment) with 32.66 m* to Mooringe Avenue and 42.67 m* to Whelan Avenue.  

- Total Building Area: 260 sqm*

- Tenancy 1 (150 sqm*) - Snack Bar: $51,409.35 p.a. + GST + Outgoings (exp 30/09/22) with 3% Fixed annual increases

- Tenancy 2 (110 sqm*) - Workshop: $17,000.00 p.a. + GST + Outgoings (exp 30/09/21) with 4% Fixed annual increases 

- A total base rental of $68,409.35 p.a. + GST with Outgoings recovered from the tenants (increased to $70,631.63 p.a. as at 01/10/19)

- Zoned Residential with existing registered and complying Commercial use as Snack Bar and Auto Repairs.

- Diverse redevelopment options and potential (stcc)

- Side street access and car parks for workshop + Front car parking frontage to Mooringe Avenue for the Snack Bar

- For more detailed information, please download our Information Memorandum or request from one of the listed agents below.

Inspection a must!

If you would like to inspect the property please contact Nick Mastrangelo on 0401 790 753 or Pasquale Mastrangelo on 0409 465 863 or Mastracorp Land line 08 8212 0140


Address 77-79 Mooringe Avenue
Price $985,000
Property Type commercial
Property ID 1716
Category Retail, Showrooms/Bulky Goods, Land/Development
Land Area 1,391 m2
Warehouse Area 110m2

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Agent Details

Pasquale Mastrangelo photo

Pasquale Mastrangelo

0409 465 863
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Nick Mastrangelo photo

Nick Mastrangelo

0401 790 753
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