Nichols Crowder are delighted to present 207 Mornington-Tyabb Road for sale by expression of interest closing 2pm Thursday 22nd August 2024.

Tenanted by "Welcome Board Store" who have been in business since 1990. The tenant has just signed a new five (5) year lease making this high-quality property a great addition to your portfolio.

Situated on Mornington-Tyabb Road, the property boasts excellent visibility, being positioned at the junction of Racecourse Road and Mornington-Tyabb Road. The strategic location ensures exposure to a high volume of traffic, with approximately 18,000 cars passing by daily.

Surrounding the property are well-known businesses and brands, including Rapid Tune, United Petroleum, F45, Salvos, Chemist Warehouse and various others. This commercial environment not only enhances the property's attractiveness but also contributes to its potential for sustained rental income and long-term capital growth.

Overall, the combination of a strong lease agreement with "Welcome Board Store," prime location with significant traffic flow, and established neighbouring businesses makes this property a compelling investment opportunity.

Lease terms:

Current rent: $85,000 p.a. + GST + outgoings
Initial term: Five (5) years
Options: Two (2) further terms of five (5) years
Rental increases: Annual 3.5% with market review at the end of each option

Key features include:

* Well established tenant
* Five (5) year lease with options
* Income of $85,000 p.a. + GST + outgoings
* Building area: 520sqm*
* Being sold as a "going concern" (no GST applicable)
* Plenty of onsite carparking
* High exposure
* Flexible settlement terms

To access the Dataroom for a copy of the Contract of Sale and Section 32, please click the link below:

https://cr.instadocs.com.au/invite/26665/open

For further information or to arrange an inspection, please contact the listing agents.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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