Crabtrees Real Estate are pleased to offer 1485 Centre Road, Clayton for sale via Public Auction on Thursday 16th of December at 1pm on-site.
This supreme investment serves as a great acquisition to your property portfolio and holds terrific development upside (STCA).
Leased to Fizza Hut, the tenants have occupied the premise since May 2014 and have enjoyed the terrific exposure that this unique retail strip provides. Located next door to Shell Service Station, occupier's will benefit from high volume passing traffic.
+ $29,466.23 per annum + Outgoings
+ Five (5) year lease plus one further terms of five (5) years
+ Option executed May 2019
+ Leased from May 2014
+ Final lease option from May 2024
+ 3% annual increases
+ 120 sqm building space
+ Freehold land 193 sqm
+ Commercial kitchen fit out
+ 2-3 level development upside (STCA)
Investors and Developers, this is one to consider.
You can now Watch, Bid and Buy online at this auction via the Anywhere Auctions website or app by clicking the link.
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!