38 Batman Avenue,
Sunbury, VIC 3429
Shops & Retail
Price information
Sold
$650,000
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 38 Batman Avenue
Solid Investment -5.4% Net Return/3% Fixed Increases
This is certainly an extremely rare opportunity for the savvy investor. Tightly held in one of our well established , busy and diverse strip shopping precincts. Commercial investment is all about enjoying solid returns and steady capital growth and we believe this property represents fantastic value.
- $37,133 yearly rental income (5.4% return approx.)
- Well Established long term Bakery ( 36 years! )
- New Lease commenced 14/03/24 5 years with annual 3% rises.
- Tenant pays all outgoings
- 2 further terms of 5 year options
- Floor space 110sqm (approx.) secure rear yard ,
- Private rear parking/delivery via rear lane access.
- Total Land size 185sqm ( approx )
There is no better place to own a Commercial investment property. The expanding township of Sunbury is located in one of the fastest growing municipalities in Melbourne with current rapid residential development and huge future expansion plans. Just 15 mins to Melbourne Airport and 35 minutes to Melbourne CBD (approx).
Please call for full documentation.
Please note we require photo ID when attending opens.
In preparing this information, Ray White Sunbury has used our best endeavours to ensure that the statements contained herein are true and accurate. All information (including but not limited to the property area, floor size, price, address and general property description) has been provided to Ray White Sunbury by third parties. As such, Ray White Sunbury makes no statement, representation, or warranty and assumes no legal liability in relation to the accuracy, context or suitability for any purpose of the information provided in advertising the property. Prospective purchasers should conduct their own due diligence and inquiries to verify the information independently.
We encourage buyers to make their own enquiries and refer you to the due diligence checklist provided by Consumer Affairs for further information
http://www.consumer.vic.gov.au/duediligencechecklist
- $37,133 yearly rental income (5.4% return approx.)
- Well Established long term Bakery ( 36 years! )
- New Lease commenced 14/03/24 5 years with annual 3% rises.
- Tenant pays all outgoings
- 2 further terms of 5 year options
- Floor space 110sqm (approx.) secure rear yard ,
- Private rear parking/delivery via rear lane access.
- Total Land size 185sqm ( approx )
There is no better place to own a Commercial investment property. The expanding township of Sunbury is located in one of the fastest growing municipalities in Melbourne with current rapid residential development and huge future expansion plans. Just 15 mins to Melbourne Airport and 35 minutes to Melbourne CBD (approx).
Please call for full documentation.
Please note we require photo ID when attending opens.
In preparing this information, Ray White Sunbury has used our best endeavours to ensure that the statements contained herein are true and accurate. All information (including but not limited to the property area, floor size, price, address and general property description) has been provided to Ray White Sunbury by third parties. As such, Ray White Sunbury makes no statement, representation, or warranty and assumes no legal liability in relation to the accuracy, context or suitability for any purpose of the information provided in advertising the property. Prospective purchasers should conduct their own due diligence and inquiries to verify the information independently.
We encourage buyers to make their own enquiries and refer you to the due diligence checklist provided by Consumer Affairs for further information
http://www.consumer.vic.gov.au/duediligencechecklist
Additional information
External websites
Property ID: 504567628Last Updated: 7 Oct 2024
04183727...
38 Batman Avenue
Sunbury, VIC 3429
Ray White - Sunbury6 Brook Street
SUNBURY, VIC 3429
SUNBURY, VIC 3429
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