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A high Yielding Investment

503-509 Napier Street, WHITE HILLS VIC, 3550

For Sale

Property for Sale in 503-509 Napier Street, WHITE HILLS VIC, 3550

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11247622
Status:
Active
For:
Sale
Price:
Contact Agent
Last Updated:
27/03/2020
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Property Type

Retail/Land/Development
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Land Area

4069 SQM
Icon size

Floor Area

883 SQM
Icon parking

Parking

N/A

A high Yielding Investment

CVA are pleased to offer this rare and outstanding investment for Private Sale. 

Situated on a large land holding of 4,069m2* and combined with an impressive 80 metre* frontage to Napier Street, this substanital site is zoned Commercial 1, giving this investment huge potential upside. 

This great investment is currently returning $152,032.13 pa net securely across 8 tenancies offering a very attractive return.

White Hills is located 4 kilometres* north west from Bendigo CBD; home to many profile companies including Bendigo Bank's headquarters, Bendigo Tafe and universities including, Monash University School of Rural Health and La Trobe University. 

Key Investment Details: 

Lot 1 - 503 Napier St
- White Hills Post Office: 5 year lease commencing 23/05/2015

- White Hills Launderette: 3 year lease commencing 23/05/2018
Combined net return: $46,878.12

Lot 2 - 505 Napier St
- White Hills Tax & Accounting: 1 year lease commencing 01/02/2019
Rental: $18,200.00 per annum

Lot 3 - 507 Napier St
-Bendigo Gourmet Fish Shop: 5 year lease commencing 01/05/2015

-AC Hair Talk: 3 year lease commencing 15/01/2017

-Richardson's Bakery: 5 year lease commencing 01/06/2017

Combined net return: $45,962.76 per annum 

Lot 4 - 509 Napier St
-White Hills Butchery: 5 year lease commencing 01/01/2015

-Red Lantern BGO: 2 year lease commencing 06/03/2018

Combined net return: $39,129.92 per annum

Please contact CVA for further details. 

*approx

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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