Retail Shop with Development Potential

Don’t miss out on this fantastic opportunity to own a beautifully renovated shop, strategically located in a prime area with excellent development potential. Situated just a short walk away from shops, restaurants, Greensborough Plaza, Train Station, and Watermarc, this 80sqm shop offers a range of possibilities for the astute buyer.
With the lease already in place, you can enjoy a steady rental income from day one. The annual increase of 2.5% ensures your investment grows over time, offering attractive returns. Whether you’re an investor looking for a reliable income stream or a visionary ready to capitalize on the development potential, this property ticks all the boxes.
Key Features:
Size: 80sqm (approx.)
Lease Details: $33,825 per annum plus GST plus outgoings
Lease Term: 3 years commencing on 1st September 2022, with a further term of 3 years
Annual Increases: 2.5% per annum
Renovated by the current tenant to a high standard
Rear lane access for convenience and easy loading/unloading
Development potential to expand or extend the current shop

This property is sure to attract attention, so act quickly to secure your slice of the thriving Greensborough market. For further information or a private inspection.
Contact: Terry Gazelle 0438 196 480

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