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
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
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
Additional information
External websites
Property ID: 501895770Last Updated: 15 Nov 2016
04185994...
112 Nepean Highway
Mentone, VIC 3194
Tsimos Commercial - Cheltenham1174 Nepean Highway
CHELTENHAM, VIC 3192
CHELTENHAM, VIC 3192
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
