Entry Level Retail with Long Term Upside

  • Ref: 113480
  • Availability: For Sale
  • Building Area m2 (approx): 55.00
  • Land Size m2 (approx): 200.00
  • Zone: Commercial Zone 1 - C1Z
  • Municipality: Brimbank City
  • Tenancy Status: tenanted
  • Description: Where Commercial Works. This is a versatile retail investment in the heart of a busy local shopping and food strip on Dumfries Street. The property is leased to a tobacconist, gifts and accessories operator and sits in a high visibility pocket with strong foot traffic. The surrounding residential catchment drives consistent demand, supported by nearby public transport, major arterials and local schools. The building offers a smart 55 sqm layout on a generous 198 sqm allotment, with two onsite car spaces and plenty of public parking directly out front. Long standing neighbouring businesses support a stable trading environment and the site benefits from excellent signage exposure. > Building area 55 sqm approx. > Land area 198 sqm approx. > Commercial 1 Zone (C1Z) > Ample on site parking > Strong local shopping strip location > Rear laneway access Investment Summary: > Lease start date 1 May 2023 with the tenant staying until at least 29 August 2029 > Term 3 years > Further options Three additional terms of 3 years each > Security deposit: Six months rent > Annual rent reviews 4% per annum A neat, low maintenance investment in a proven pocket of Deer Park.
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