112 Nepean Highway,
Mentone, VIC 3194

Shops & Retail

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Tenure type

Sold on

Map of 112 Nepean Highway

Directions

SOLD 6% Return - 4 Separate Tenancies - Great Investment

SOLD
Tsimos Commercial is pleased to offer this exceptional retail investment opportunity leased to Bottle shop plus Three (3) residential apartments.

Hedge your bets with this fantastic Commercial and Residential Investment!

Location:-
Located near the corner of Nepean Hwy and Warrigal Road's Mentone this property offers excellent exposure.
Surrounded by well established retailers such as Woolworths, Bunnings, Autobarn, Spotlight, as well as a number of major motor car brands.

The property is surrounded by a number of well established cafe's, restaurants and is in a rapidly developing residential area.

The Property:-

Leased to Four (4) Separate tenancies

The shop:-
Retail Shop is leased as a Bottle Shop

Lease term - Three (3) Years

Further term - Three (3) + Three (3) + Three (3) years

Current net rent - $20,000 pa Gross plus gst

Retail area - 55 Sqm*

The residences:-
Three (3) Residential tenancies

All on residential leases

One x two (2) bedroom apartment, One x one (1) bedroom apartment and a studio apartment

Total Income from the apartments is $43,284 pa

Building area 165 Sqm*

Land Area 223 Sqm*

Total income - $63,284 pa

Rear access & Parking