Ray White Commercial Glen Waverley is pleased to offer this multi-tenancy site exclusively to the market.

Situated on a stand-alone island on busy Seaford Road and looking down Hartnett Drive, this fully tenanted investment property is offered via Auction on Thursday, August 8th, 2024, at 1:00 p.m.

Boasting an annual income of $116,311.32 p/a + GST + Outgoings (as of August 1st) split across four minimum 5-year tenancies increasing at a minimum of 3% annually, this exciting opportunity represents many long-term holding benefits and future redevelopment prospects STCA.

Property features:
• 4 secure leases to well-loved neighbourhood favourites, including Domino's
• Prominent triple-frontage standalone property
• Perfectly located on Seaford Road, Hartnett Drive fed via its own Sunderland Court
• Site area 1078 m2 (approx)
• Net Lettable Area (NLA) 295.5 m2 (approx)
• General Residential Zone (R1Z)
• Frontages - Seaford Road = 52.6 m
- Hartnett Drive = 39.5 m
- Sunderland Court = 43 m
• 4 tenants with minimum lease terms of 5 years with annual increases
• 15 car spaces onsite
• Contract of Sale and Vendor Statement available on request

Opportunities to acquire fully-tenanted standalone freeholds do not present themselves often. For further information, to arrange an inspection or discuss your situation at 1-2 Sunderland Court, don't hesitate to contact one of the exclusively appointed agents today.

Ryan Trickey at 0400 380 4...
or
Vincent Daniele at 0428 272 8...

*All areas and figures approx only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information, but they do not constitute any representation by the Vendor or Agents.