246 Raymond Street,
Sale, VIC 3850
Shops & Retail
Price information
Sale
$600,000
Key property information
Floor area
Property extent
Tenure type
Private inspections
to arrange a private inspection.
Map of 246 Raymond Street
Train stations within 5 km of 246 Raymond Street, Sale, VIC 3850 Distance Sale Station 1.1 km POWERED BY HERE ©Bus stops within 5 km of 246 Raymond Street, Sale, VIC 3850 Distance Gippsland Shopping Centre/Cunninghame St (Sale) 212 m Sale College/82 Macallister St (Sale) 218 m Cunninghame St/York St (Sale) 291 m MacArthur St/Raymond St (Sale) 359 m 35 Reeve St 442 m POWERED BY HERE ©
POWERED BY HERE ©
Invest In Raymond Street!
A rare opportunity to acquire a prime commercial freehold with a long-standing tenant in the heart of Sales CBD.
The property is currently leased to Khayaam Hair Salon, a well-established and award-winning business that has been a model tenant since 2010. The current rent is $33,114.48 per annum, with the tenant paying all usual outgoings excluding land tax.
The tenant has recently renewed their lease for a further five years, with one additional five-year option potentially taking the lease through to 2035. The lease features an annual fixed rent increase of 2.5%, along with a market review at term. The commencing rent for the next term is $34,000 per annum, commencing February 2025.
This property offers a secure investment opportunity with a reliable tenant and a long-term lease in place. The annual rent increases and market reviews provide the potential for growth in rental income.
Contact us today to arrange an inspection and take advantage of this exceptional investment opportunity.
The property is currently leased to Khayaam Hair Salon, a well-established and award-winning business that has been a model tenant since 2010. The current rent is $33,114.48 per annum, with the tenant paying all usual outgoings excluding land tax.
The tenant has recently renewed their lease for a further five years, with one additional five-year option potentially taking the lease through to 2035. The lease features an annual fixed rent increase of 2.5%, along with a market review at term. The commencing rent for the next term is $34,000 per annum, commencing February 2025.
This property offers a secure investment opportunity with a reliable tenant and a long-term lease in place. The annual rent increases and market reviews provide the potential for growth in rental income.
Contact us today to arrange an inspection and take advantage of this exceptional investment opportunity.
Property ID: 504747012Last Updated: 12 Dec 2024
04198780...
246 Raymond Street
Sale, VIC 3850
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