Shop 3, 495-511 Burwood Highway,
Vermont South, VIC 3133

Gorman Allard Shelton is delighted to offer for sale by Public Auction on Thursday 10th November at 12 noon on-site, this outstanding retail investment located in the heart of the popular and vibrant Vermont South Shopping Centre.

Ideally positioned directly adjacent to Coles Supermarket, this property benefits from a brand new three (3) year lease to its longstanding and established tenant, with the current tenant enjoying occupation of the premises for the past 25 years.

Key property features include:

* Building area: 181 sqm*
* Income: $60,000 pa + GST + outgoings
* Lease term: three (3) years (commenced 1st July 2022)
* Longstanding and established tenant of 25 years
* Two (2) further terms of three (3) years
* CPI annual increases
* Substantial car parking for 756 cars with direct access from Burwood Highway and Hanover Road
* High performing shopping centre with low vacancy rate
* The centre is underpinned by major anchor tenants, Coles & Aldi, which have recently undergone significant refurbishments to their respective tenancies further demonstrating their commitment and the underlying strength of the Shopping Centre

This prime retail investment is located within the popular and vibrant Vermont South Shopping Centre which is home to a number of nationally recognised businesses including Coles, Aldi, Liquorland, Petbarn and Bakers Delight.

*approx.