Commercial property comprising 3 separate shops on one title.
Shop 1; MiniMart, including residence. New 5 year lease at $15,480p.a. with further options of 2 X 5 years.
Shop 2; Pizza Shop. Leased at $9001.56p.a. until July 2008 with further options of 2 X 5 years.
Shop 3; Ex-Take Away Shop. Rental potential of $9001.56p.a + GST. Potential return of approx 10%p.a.
Total rental potential of $33,483.12 per annum.
Modern premises known as the Glen Donald Shopping Complex within close proximity of Monash University and all facilities.
Excellent long term tenants and 20 years remaining on building depreciation costs.