148 McKinnon Road,
McKinnon, VIC 3204

Currently tenanted by McKinnon Newsagency & Tattslotto the current investment returns $44K per annum plus outgoings with a 3 x 3 lease & built in rental reviews; offers rear residential accommodation, ample off-street parking & rear lane access.Superbly located in the hub of McKinnon Village, close to successful cafés, award-winning bakeries & zone 1 McKinnon station, this potential-packed shop & residence offers varied opportunities to invest, renovate or redevelop (STCA). Reap the rewards now, or maximise the potential & build multi-level apartments (STCA) in this McKinnon Secondary zoned location!
-Residential accommodation
-Returning 44k per annum (plus outgoings)
-Rear lane access
-Terms of lease – 3years plus 3 years: next option 1st May 2013
-Rent Reviews – Increase of 5% per annum
-Tenant – McKinnon News Agency and Tatts lotto
-McKinnon School Zone
-Ample off street parking to the rear
-Land size – 20ftx117ft OR 5.3Mx31m (165sqm)