DUAL TENANCY INVESTMENT OPPORTUNITY

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

*approx.

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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