Exceptional Commercial Investment Opportunity

AUCTION THIS FRIDAY AT 2PM

This is a fantastic opportunity to acquire a prime commercial property in a high-exposure location with a highly acclaimed tenant in place. Urban Grooves Café Restaurant & Bar has established itself as a thriving business in this popular Greensborough precinct. With a strong rental income and potential for future development, this property is an astute investment.

Key Features:

Solid Rental Income: The property is currently leased to Urban Grooves Café Restaurant & Bar, providing a steady rental income of approximately $90,000 per annum (plus GST and outgoings).

Double Shop Front: The property comprises two shops on 377 sqm land, offering a total building area of 310 sqm, creating a spacious and versatile commercial space. Note sizes quoted are estimates.

High Exposure Location: Located in a high-traffic area, this property benefits from excellent exposure to foot and vehicle traffic.

Greensborough Activity Zone: Zoned for the Greensborough Activity Zone, there is potential for future development opportunities (STCA), making this an attractive long-term investment.

Proximity to Amenities: Surrounded by quality businesses, Greensborough Shopping Centre, Train Station, and with ample parking at the rear makes this location highly convenient for both tenants and customers.

Close to WaterMarc: Enjoy the added benefit of being close to the popular WaterMarc Aquatic and Leisure Centre, which draws further foot traffic to the area.

This property would be an ideal addition to your investment portfolio so this unique opportunity shouldn’t be missed. For more information or to arrange a private viewing, please contact Terry Gazelle 0438 196 480.

Auction: Friday 1st December, 2023 at 2pm