156 Union Road,
Ascot Vale, VIC 3032
Shops & Retail • Offices • Development Sites & Land
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Freehold Double Storey Property with Front and Rear Access
- Centrally Located on Union Road
- Vibrant Retail Shopping Strip
- High Profile Investment
L R Reed Melbourne Pty.Ltd. are pleased to offer 156 Union Road, Ascot Vale to the open market via Auction on Thursday 16th November, 2017 at 12:00 Noon on site. This double storey property consists of a shop and dwelling and has been operating as a well known Chinese Restaurant for over 30 years. Tenancy Details are as listed:
. Lessee: Yummy Palace
. Rental Return: $34,755.00 per annum
. Term: Five (5) Years plus one further term of Five (5) years
. Commencement: 16th July, 2016
. Security Deposit: $10,000.00 Bank Guarantee
. Land Size: 155 m2 ( approx.)
This property offers a ROW access at the rear of this site which would allow further enhancement or development of the site. ( Subject to Council Approval)
Inspections by private appointment
AUCTION DAY - Thursday - 16th November 11:30 - 12 Noon.
. Lessee: Yummy Palace
. Rental Return: $34,755.00 per annum
. Term: Five (5) Years plus one further term of Five (5) years
. Commencement: 16th July, 2016
. Security Deposit: $10,000.00 Bank Guarantee
. Land Size: 155 m2 ( approx.)
This property offers a ROW access at the rear of this site which would allow further enhancement or development of the site. ( Subject to Council Approval)
Inspections by private appointment
AUCTION DAY - Thursday - 16th November 11:30 - 12 Noon.
Property ID: 502600698Last Updated: 21 Jan 2018
0418 313 8...
156 Union Road
Ascot Vale, VIC 3032
Detailed listing
L R Reed - MelbourneLevel 1, 53-57 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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