19 Hotham Street,
Cranbourne, VIC 3977
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Map of 19 Hotham Street
INVESTMENT WITH LONG-TERM LEASE | OVER 5% NET RETURN
- Stand-alone retail investment
- Brand New 5 + 5 + 5 Year Lease
- Six (6) month Security Bond
Ray White Commercial Oakleigh is excited to present 19 Hotham Street, Cranbourne to market by way of Private Sale
Leased to Gami Rasa, which is a popular and authentic Sri Lankan restaurant with a high star rating from over 200 Google reviews, this stand-alone retail investment also benefits from having a 7.6m* frontage along with ample customer parking and private on-site parking accessible via a R.O.W.
The property has future add-value potential (STCA) with other properties in the strip already having been developed along with the neighbouring property (17 Hotham St) being approved for a three (3) storey development.
Situated in a thriving local commercial shopping strip, the property is accessible via the South Gippsland Highway (700m* away) and public transport close by with Cranbourne Station only 850m* away and the nearest bus stop a short 500m* walk.
Enjoy the comfort and security of having an established Tenant with a brand-new long-term lease!
Property Features:
• Total building area | 112m2*
• Total land area | 227m2*
• Brand New 5 + 5 + 5 year lease (commenced March 2022)
• Returning $35,760.00 p/a plus GST & Outgoings
• 3% Fixed Annual increases
• Six (6) months security bond
• Future value-add potential (STCA)
• Commercial 1 Zone (C1Z)
For further information, don't hesitate to get in touch with one of the exclusive marketing agents:
Simon Liang | 0451 954 318
Ryan Amler | 0401 971 6...
*All areas and figures are approximate only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information provided, but this does not constitute any representation by the Vendor or Agent.
Leased to Gami Rasa, which is a popular and authentic Sri Lankan restaurant with a high star rating from over 200 Google reviews, this stand-alone retail investment also benefits from having a 7.6m* frontage along with ample customer parking and private on-site parking accessible via a R.O.W.
The property has future add-value potential (STCA) with other properties in the strip already having been developed along with the neighbouring property (17 Hotham St) being approved for a three (3) storey development.
Situated in a thriving local commercial shopping strip, the property is accessible via the South Gippsland Highway (700m* away) and public transport close by with Cranbourne Station only 850m* away and the nearest bus stop a short 500m* walk.
Enjoy the comfort and security of having an established Tenant with a brand-new long-term lease!
Property Features:
• Total building area | 112m2*
• Total land area | 227m2*
• Brand New 5 + 5 + 5 year lease (commenced March 2022)
• Returning $35,760.00 p/a plus GST & Outgoings
• 3% Fixed Annual increases
• Six (6) months security bond
• Future value-add potential (STCA)
• Commercial 1 Zone (C1Z)
For further information, don't hesitate to get in touch with one of the exclusive marketing agents:
Simon Liang | 0451 954 318
Ryan Amler | 0401 971 6...
*All areas and figures are approximate only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information provided, but this does not constitute any representation by the Vendor or Agent.
Additional information
External websites
Property ID: 504168183Last Updated: 31 Jul 2023
RWC - Oakleigh
7-9 Atherton RoadOAKLEIGH, VIC 3166
04019716...
19 Hotham Street
Cranbourne, VIC 3977
RWC - Oakleigh7-9 Atherton Road
OAKLEIGH, VIC 3166
OAKLEIGH, VIC 3166
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