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Crabtrees Real Estate - Melbourne

1/20 Miles Street Mulgrave, VIC 3170

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1/20 Miles Street,
Mulgrave, VIC 3170

Shops & Retail • Offices
Added 2 days ago

Price information

Sale - Expression of Interest closing Wed 4 Dec

CONTACT AGENT

Key property information

Floor area

Car spaces

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$52,000
Number of Tenants
1 Tenant

Expression of Interest

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Private inspections

to arrange a private inspection.
Crabtrees Real Estate - Melbourne
Pana Kritikos
Christos Spanos

Crabtrees Real Estate - Melbourne

1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton Road
OAKLEIGH, VIC 3166
Crabtrees Real Estate - Melbourne
1/20 Miles Street
Mulgrave, VIC 3170

Map of 1/20 Miles Street

Directions
  • Train stations within 5 km of 1/20 Miles Street, Mulgrave, VIC 3170Distance
    Westall Station2 km
    Clayton Station2.8 km
    Springvale Station2.8 km
    Sandown Park Station3.8 km
    Huntingdale Station4.6 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 1/20 Miles Street, Mulgrave, VIC 3170Distance
    Miles StSpringvale Rd338 m
    Mackie Rd/Springvale Rd (Mulgrave)456 m
    Kalimna Ave/Princes Hwy (Mulgrave)585 m
    Wellington Rd/Springvale Rd (Mulgrave)623 m
    Peters AveWellington Rd625 m
    POWERED BY HERE ©
POWERED BY HERE ©

SECURE INVESTMENT WITH LONG-STANDING FOOD TENANT!

  • 5 YEAR LEASE FROM MARCH 2024
  • GOLDEN LOCATION
  • SECURE & STRONG LEASE TERMS
Crabtrees Real Estate are pleased to offer Unit 1/20 Miles Street, Mulgrave for Sale via Expressions of Interest closing Wednesday 4th December at 3pm.

This fully leased investment, secured by a long-standing food/cafe operator 'Cafe On Miles' located in one of Melbourne's most sought after Industrial precincts would be a tremendous addition to your property portfolio.

This investment provides key fundamentals, providing investors with secure income and stability.

Investment Summary:
+ Rental: $52,000 pa plus Outgoings & GST
+ New five (5) year lease from March 2024
+ One (1) further term of (5) five years
+ 4.25% rent reviews annually with market review at end of first term
+ 6 month bond

Key Property Details:
+ 122 sqm building area
+ 3 on-site car parks
+ Exposure to Miles Street Mulgrave
+ High foot traffic 'Cafe' with local support
+ A+ location only moments from Wellington Road, Monash Freeway, Princes Highway and just off Springvale Road

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!

Additional information

Property ID: 504734416Last Updated: 12 Nov 2024

Crabtrees Real Estate - Melbourne
1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton Road
OAKLEIGH, VIC 3166

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