281 Spring Street, Reservoir

Central Reservoir location.
High Exposure
Securely Leased: $68,300.00 pa Combined.
* 4 year 8-month lease with 5 x 5 years option. [Commercial Ground]
* 1 year lease [ Residential-first floor]

LOVE & CO are pleased to present this substantial retail property which has a very attractive 4year 8-month lease to 180m2 [approx.] ground floor space and 1 Year residential lease to 1st floor 80m2 [approx.] apartment.
The property is Complimented by being near to bus and train transport, and benefits greatly by central location to very busy Edwardes St shopping strip.
With Local government Community amenities, medical centre, chemists, legal support, banking and major supermarkets all readily and easily accessible this property is highly recommended as an exciting addition to any investment portfolio.

VENDORS are inviting offers over $1,125,000.00

Main Features Include:
Combined Rent: $68,300.00 pa Net + GST
Ground FL Lease term:4 year 8-month lease $ 46,300.00 pa + Outgoings + GST [ commencing March 2024]
Further Terms: Ground Floor - 2 further terms of 5 years each.
Rent Increase: Annual 3% Increases.
Market review November 2030 & November 2035

Level 1 Residential: 1 Year lease $22,000.00 pa.
2 bed apartment with Separate entry and newly refurbished .

Ample public parking to Rear

A DO NOT MISS OPPORTUNITY.

Price: Contact Agent
Inspection: By appointment
Agent: Branko Agatanovic 0448 035 565


Due diligence checklist - for home and residential property buyers
http://www.consumer.vic.gov.au/duediligencechecklist