This affordable Retail investment presents the perfect opportunity to add to your property portfolio, strategically located in one of Melbourne’s most affluent suburbs in the centre of Ripponlea’s bustling shopping precincts, steps to Ripponlea train station offers an opportunity to the astute investor or future owner occupier.

Key Features:

-Striking single-level building with high ceilings comprising retail shop with rear courtyard
-Currently Leased to Retail Clothing Store “Camelia” since May 2014. https://www.camelia.com.au/
-Total land area: 93 sqm approx
-Land Size: 6.096m x 15.24m approx
-Total building area: 75 sqm approx
-Current Lease 3 years commenced 06/05/2022
-Current Income: $30,985.44 + outgoings + GST
-Fixed annual increases of 3%
-Zoned Commercial 1
-Located in the heart of Ripponlea Village, metres from Ripponlea train station, Attica, Coles Express & IGA & many successful retailers.
-Affordable investment that offers potential to future occupiers on expiry of the Lease
-Underpinned by affluent catchment of premium Bayside suburb of Ripponlea with a median house value of $1,650,000

Inspections:
Saturday 06/08/2022 - 10:30am - 11:00am
Saturday 13/08/2022 - 11:00am - 11:30am
Saturday 20/08/2022 - 11:00am - 11:30am
Thursday 25/08/2022 - 02:00pm - 02:30pm

Sale method: On site Auction Thursday 25th August 2022 @ 2:30pm