129 Burnley Street , Richmond

270.00m2
Retail
CONTACT AGENT

A pristine entry level investment

** AUCTION: THURSDAY 5TH SEPTEMBER 2019 AT 12PM ONSITE **

An exciting opportunity to acquire a shop and dwelling securely leased to established tenant, Prest Laundry, who have been operating out of Burnley Street since 1998.

Superbly located between the bustling retail strip of Bridge Road and Victoria Gardens Shopping Centre within the "in demand" suburb of Richmond, the property is situated within an active neighbourhood retail strip close to a number of transport options, CityLink access and Melbourne's CBD.

The property features the following:

• Ground floor shop with first floor apartment comprising 2 bedrooms, 2 bathrooms, kitchen with dining and separate living room with balcony
• Building Area: 270m2*
• Land Area: 151m2*
• Total Rental: $45,000* p.a.
• Lease Term: Three (3) years, commenced March 2019
• Further Terms: Three (3) further terms of three (3) years
• Reviews: Annual 3% increases
• Rear access via R.O.W.

*Approx.
In conjunction with Moss Property Consultants

Interested in this property?

  • This field is for validation purposes and should be left unchanged.