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2 Macrina Street Oakleigh East, VIC 3166

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2 Macrina Street,
Oakleigh East, VIC 3166

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CORNER RETAIL INVESTMENT WITH FUTURE DEVELOPMENT UPSIDE

Ray White Commercial presents this prominent corner investment with exposure to Ferntree Gully Road trading as an IGA Supermarket since 2011. With a new long term lease in place to a tenant who has a chain of successful supermarkets throughout Melbourne, this property will suit the astute investor who is looking for future value-add/development potential (STCA).

- Land area 195m2 approx.
- Building area 175m2 approx.
- Fresh 5 year lease commenced 1st February 2016
- Two (2) further terms of Five (5) years each.
- Currently returning $25,729 p/a + GST + Outgoings
- R.O.W. with council parking parallel to building
- Commercial 1 zoning
- High exposure location with two street frontages
- Excellent signage rights
- Inspection an absolute must

The property is being offered to the market via on-site Public Auction on Thursday 09th February 2017 at 12:00pm.

To obtain further information, or to arrange an inspection, please contact the exclusive sales and marketing agents.

George Kelepouris 0425 798 6...
Ryan Amler 0401 971 622

Property ID: 502144574Last Updated: 9 Feb 2017

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04257986...
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2 Macrina Street
Oakleigh East, VIC 3166
RWC - Oakleigh
7-9 Atherton Road
OAKLEIGH, VIC 3166

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