4/13 Eramosa Road West,
Somerville, VIC 3912
Shops & Retail
Price information
Sold
$700,000
Key property information
Floor area
Tenure type
Sold on
Map of 4/13 Eramosa Road West
Sensation Return Security & Growth
Ride Subway to excellent security, exceptional returns and expected growth. Centred at the entry to the area's major shopping precinct, this Somerville Plaza shopfront will drive your portfolio with an excellent long-term tenant, a well-structured lease and a premier position in one of Melbourne's fastest-growing outer suburbs.
Key Features;
*Approx 70sqm floorspace
*20 year leasing arrangement at $31,908 commenced June 2024
*4 x 5 year options with 3% annual increase
*Long term multi-option lease to a major fast food brand
*Exceptionally secure corporate tenancy – head-office operated site
*Appointed for food preparations: wash-up area, 2 cool-rooms
*WC facilities, commercial r/c air-con, rear yard
*Opportunity for good street front signage and rear access
*High-profile high-traffic position
*At the entry to Somerville's ever-evolving retail centre
*Neighboring everyday retailers; Woolworths, Direct Chemist and Australia Post
*Wider shopping precinct including major brands: Target, Coles, Rivers and
MacDonalds
*Community hub adjacent Somerville Recreation Centre, Reserve and Sports
Park
Unparalleled security, returns and growth in one of Melbourne's fastest growing suburbs.
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
Due Diligence Checklist https://www.consumer.vic.gov.au/duediligencechecklist
Key Features;
*Approx 70sqm floorspace
*20 year leasing arrangement at $31,908 commenced June 2024
*4 x 5 year options with 3% annual increase
*Long term multi-option lease to a major fast food brand
*Exceptionally secure corporate tenancy – head-office operated site
*Appointed for food preparations: wash-up area, 2 cool-rooms
*WC facilities, commercial r/c air-con, rear yard
*Opportunity for good street front signage and rear access
*High-profile high-traffic position
*At the entry to Somerville's ever-evolving retail centre
*Neighboring everyday retailers; Woolworths, Direct Chemist and Australia Post
*Wider shopping precinct including major brands: Target, Coles, Rivers and
MacDonalds
*Community hub adjacent Somerville Recreation Centre, Reserve and Sports
Park
Unparalleled security, returns and growth in one of Melbourne's fastest growing suburbs.
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
Due Diligence Checklist https://www.consumer.vic.gov.au/duediligencechecklist
Property ID: 504722888Last Updated: 19 Dec 2024
04185561...
4/13 Eramosa Road West
Somerville, VIC 3912
Exp Real Estate Australia - VICLevel 8/90 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000