549 Springvale Road,
Vermont South, VIC 3133

Shops & Retail • Other

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HIGH YIELDING INVESTMENT, MUST SELL

Tenanted Investment

This is a rare opportunity to purchase a secure service station investment, with the benefit of being zoned Residential Growth Zone allowing for high density residential apartment development in the future (STCA).
The site is over 2,308m2* on one of Melbourne's busiest roads and offers a branded service station with supporting car detailing business. The tenant has a 12 year lease (2027) with further options and all recoverable outgoings paid by the tenant.

Major benefits include:

• Current Rent: $350,000 p.a plus GST
• Zoning: Residential Growth Zone RGZ2
• New Lease: 12 years (2027)
• Options: 4 further 5 year options
• Fixed Rental Increases: 3% p.a.
• All new tanks with supporting environmental soil audit

Please call Ryan Trickey on 0400 380 438 or Ben Ainsworth on 0412 534 028.

*Denotes approximate only and purchasers should make their own enquiry

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Property ID: 501755178Last Updated: 28 Jun 2016

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