The property consists of three adjoining tenancies with a combined lettable area of approximately 471m2 on 2,186m2 of land, incorporating two retail/consultingtenancies and one drive thru liquor store. Tenancies benefits from the prime location on the corner of Medina Avenue and Pace Road, in the heart of Medina.
The property further benefits from three road frontages, 17 parking bays and good access to public transport. Ample council parking bays are available in theimmediate surrounds.
Tenancy One 279m2
Leased to a blue chip tenant at $78,000 per annum
Tenancy Two 108m2
Leased to a retailer at $ 18,360 per annum
Tenancy Three 84m2
Leased to a large church organisation at $16,500 per annum
Total area building area comprises approximately 471m2

The 2007 Local Housing Strategy advised to improve the residential amenity and encourage the redevelopment of Medina at higher densities.

The subject property, given its prime position in the center of Medina, excellent exposure to Medina Avenue and Pace Road and commercial zoning, offers the future potential, subject to council approval, to be redeveloped.

Prospective buyers are advised to do their own due diligence with regards the
redevelopment potential of the subject property.

Offered for sale as a going concern.

Information memorandum available on request.