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19/95 Hazel Glen Drive Doreen, VIC 3754

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19/95 Hazel Glen Drive,
Doreen, VIC 3754

Shops & Retail

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$850,000

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NEW FIVE (5) YEAR LEASE

This perfect tenanted investment is secured with a new five (5) years Lease with options. Lease by a long standing tenant. The complex is anchored by Woolworths and speciality tenants, including Bakers Delight, Australia Post, Bank of Melbourne, Bendigo Bank, La Porchetta and Bottlemart, just to name a few.

The premises are occupied by a fruit shop and deli, specialising in fresh produce and specialty meats. The current tenants have been occupying this shop since 8th October 2013 and have built a strong customer base.

• Tenanted investment
• Building area of 108sqm*
• Term: New Five (5) Years
• Further Term: Five (5) + five (5) + five (5) Years
• Rent Review: 4% Annual increases and Market at option
• Lease commencement: 1st July 2015
• Current income: $59,617.80 p.a. excluding GST

*approx

Looking to Sell, Lease, Manage or Develop your property? Contact ICR Property Group.

Julian Materia – 0498 188 011
Raff De Luise – 0418 533 633

Property ID: 501657125Last Updated: 3 Mar 2021

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19/95 Hazel Glen Drive
Doreen, VIC 3754
Gross Waddell ICR - Commercial
Level 1, 30 Collins Street
MELBOURNE, VIC 3000

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