75 Princes Highway,
Yarragon, VIC 3823
Other
Price information
Sold
$475,000
Key property information
Land area
Floor area
Car spaces
Tenure type
Sold on
Map of 75 Princes Highway
TENANTED INVESTMENT WITH DEVELOPMENT UPSIDE
Situated in the bustling tourism town of Yarragon, approx. 120km east of Melbourne, this attractive commercial property presents an excellent opportunity for a discerning buyer.
Located in a prime corner position on Princes Highway and Rollo Street in a Commercial 1 zone, the 580m2 allotment comprises a former residence that is currently leased to the Gippsland Grazer. The building comprises several principal rooms plus kitchen and renovated bathroom. Externally, there is an undercover patio area plus off-street parking for 2 vehicles via side access off Rollo Street.
Key lease details are as follows:
- 2 years from 0/01/2023
- $23,500p.a + GST
- CPI increases during the term and market review at option
- 1 x further term of 2 years
- Tenant pays outgoings
Benefit from the on-going rental return and future potential of the site on the Highway connecting Melbourne to East Gippsland.
For further information or to arrange an inspection, contact Hockingstuart Warragul.
Located in a prime corner position on Princes Highway and Rollo Street in a Commercial 1 zone, the 580m2 allotment comprises a former residence that is currently leased to the Gippsland Grazer. The building comprises several principal rooms plus kitchen and renovated bathroom. Externally, there is an undercover patio area plus off-street parking for 2 vehicles via side access off Rollo Street.
Key lease details are as follows:
- 2 years from 0/01/2023
- $23,500p.a + GST
- CPI increases during the term and market review at option
- 1 x further term of 2 years
- Tenant pays outgoings
Benefit from the on-going rental return and future potential of the site on the Highway connecting Melbourne to East Gippsland.
For further information or to arrange an inspection, contact Hockingstuart Warragul.
Property ID: 504192175Last Updated: 2 Jun 2023
75 Princes Highway
Yarragon, VIC 3823
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