Shops 1-3, 49 Ash Road,
Leopold, VIC 3224

Currently leased to the Salvation Army til 30/7/2016, Shops 1-3/49 Ash Road Leopold represent excellent buying with potential for future value adding.
All three shops are currently on one title and being used collectively as one store but can easily be returned to multiple tenancies with the possibility of creating a 4th shop and/or subdivision (STCA) with resale profits.
All services including power and water are connected or available to each retail space so no new connections are required.
Having outgrown the premises, the tenant will be vacating at or before the end of the lease making owner occupancy a real option or ongoing rental income from settlement.
Buy in your SMSF and become your own tenant. Rent as at 30/7/2015 is $31,827 Ex GST with tenant paying all outgoings.
This property has been maintained to a high standard by current owners who are reluctantly selling to undertake a new venture.
The Ash Road shopping strip is the only Commercial 1 zoned land South of the highway and outside the Gateway shopping complex making it ideal for destination small business operators, such as lawyers, accountants, town planners and the like, as well as cafes, restaurants and other food outlets.
Joined by a bakery, fine foods provedore, hair and beauty salons as well as crafts, fast foods, an independent supermarket and most recently a new Neighbourhood Community House for residents and young families, this strip is evolving into an alternative precinct for a growing number of locals.
Inspect before its gone.

- 204 square metre* land

- 3 combined shops of 200 square metres*

- Separate power and water available

- Lease to THE SALVATION ARMY Exp. 31/07/2016 + 3 year option

- Year 3 rent $31,827.00 + outgoings + GST

- Future subdivision possibilities STCA

- Owner Occupation Negotiable

*approximately

For Sale: $439,000 excluding GST