Invest or Develop(STCA)- Located in the heart of prime Ivanhoe East retail precinct which provides easy access to many major arterials and a short drive to the CBD, this property is also in close proximity to Ivanhoe East Primary, Ivanhoe Grammar and Ivanhoe Girls Grammar schools and parklands.

Tremendous opportunity to purchase in this tightly held retail strip surrounded by excellent tenancy mix including supermarket, bank, solicitors, accountant and a variety of local businesses and amenities.

Complete with rear lane way access, the building area is approximately 100m2 and land area is approximately 200m2

With further development (STCA) potential, this property is suitable for an investor looking for secure rental returns (from the front lessee and residential tenants at rear)

Current total rental return:
Front: $ 2056/month which will be increased (CPI) from December 2011 and
1x 5 year option starting December 2012.

Rear: $ 1,282/month to June 2012

We believe that the site is included in a Business 1 under the City of Banyule Planning Scheme.

For further information,
Please contact Mary Li 0412 887 987

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