- Rental income: $56,700 net pa + GST
- Strong covenant, trading for a decade
Description
Gorman Commercial is pleased to present for sale 156 Waverley Road, Malvern East via public auction on Wednesday 6th August at 12pm on-site.
+ Expansive retail shop with high ceilings fully fitted restaurant with large dining/eating area and a high quality commercial kitchen comprising a total building area of 169 sqm approx.
+ Offered to the market with a long standing tenant in place. Nepal Dining Room have traded from the property for 10 years and have recently committed to a new six (6) year lease (Dec. 2024) with a further 5 year option. The lease also has annual increases of 3.5%.
+ Secure income of $56,700 net pa plus GST and outgoings
+ Large parcel of land of 271 sqm with R.O.W at rear. There is on-site car parking for two (2) cars.
+ Commercial 1 Zoning (C1Z) allowing for a range of future uses (S.T.P.A)
+ Strong suburban retail strip, underpinned with convenient connectivity to Dandenong Road, and located 250m* from Burke Road and public transport options including Caulfield Train Station and the Cranbourne line.
Contact the exclusive agents below to learn more and arrange an inspection:
Nathan May +61 452 210 491
Dean Alexander +61 409 877 787
* denotes approximate