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16 Borrack Square, ALTONA NORTH VIC, 3025

For Sale
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Property for Sale in 16 Borrack Square, ALTONA NORTH VIC, 3025

Fitzroys

Level 27 / 360 Collins Street, Melbourne, VIC 3000

Listing ID:
11399261
Status:
Active
For:
Sale
Last Updated:
04/03/2021
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Property Type

Retail
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Land Area

240 SQM
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Floor Area

347 SQM
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Parking

N/A

Superb Renovated Freehold Investment With Upside

Fitzroys is delighted to offer a superb double storey renovated freehold investment with upside located at 16 Borrack Square, Altona North.

Key features include:

- Located in Melbourne's surging inner west
- Centrally positioned within Borrack square’s bustling commercial precinct servicing the emerging and growing residential catchment
- Recently renovated and immaculately presented building
- Depreciation benefits
- Rare fully leased investment opportunity in a tightly held location
- Four tenancies spread across two storeys allowing for multiple income streams
- Returning $107,700 per annum plus outgoings and GST
- Tenants pay all outgoings in accordance with the lease
- Value add potential with planning permit and endorsed plans in place for first floor extension
- Wide dual street frontage to Borrack Square and Duke Street with separate access via Duke Street
- Conveniently located adjacent occupiers such as Woolworths, CBA Bank, Bakers Delight, Chemist Warehouse, Australia Post, TAB, BWS, Millers Inn and supported with excellent car parking
- Highly sought after opportunity in inner western location experiencing rapid growth and excellent prospects for future capital appreciation

Summary:

Shop 1- Florist
6 + 5 year lease
Fixed annual increases and market review at commencement of further term

Shop 2- Nail & Beauty Salon
7 + 5 year lease
Fixed annual increases and market review at commencement of further term

Level 1, suite 1 & 2- Private Office
1 year lease

*approx

For more details, please email agent

Fitzroys

Level 27 / 360 Collins Street, Melbourne, VIC 3000


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