490 Macaulay Road,
Kensington, VIC 3031
Shops & Retail
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Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
490 Macaulay Road
Kensington, VIC 3031
Map of 490 Macaulay Road
THE PERFECT VILLAGE INVESTMENT
- Strong Rental Income
- 3 Year Lease + Options
- Tightly Held Shopping Strip
** SOLD **
Gross Waddell ICR is pleased to present 490 Macaulay Road, Kensington to be offered for sale by Public Auction on Thursday 30th November 2023 at 12pm onsite.
Located within the centre of the bustling and tightly held Macaulay Road Village shopping strip, this rare opportunity presents the astute investor the chance to acquire an outstanding freehold investment.
• Leased to Erinbank Gift and Book Store
• Income: $53,045* p.a. + GST
• 3 year lease, plus 2 further options of 3 years
• Annual increases 3% per annum, market review at option(s)
• Land area of 222sqm*
• Building area of 200sqm*, consisting of a large ground floor shop plus first floor studio apartment
• Access via right of way (ROW) at the rear allowing for the potential of off-street car parking
• Surrounded by numerous national and established tenants
For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Gross Waddell ICR is pleased to present 490 Macaulay Road, Kensington to be offered for sale by Public Auction on Thursday 30th November 2023 at 12pm onsite.
Located within the centre of the bustling and tightly held Macaulay Road Village shopping strip, this rare opportunity presents the astute investor the chance to acquire an outstanding freehold investment.
• Leased to Erinbank Gift and Book Store
• Income: $53,045* p.a. + GST
• 3 year lease, plus 2 further options of 3 years
• Annual increases 3% per annum, market review at option(s)
• Land area of 222sqm*
• Building area of 200sqm*, consisting of a large ground floor shop plus first floor studio apartment
• Access via right of way (ROW) at the rear allowing for the potential of off-street car parking
• Surrounded by numerous national and established tenants
For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Property ID: 504455548Last Updated: 30 Nov 2023
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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