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Real Estate Australia
UNIQUE INVESTMENT OPPORTUNITY
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Property Location: 29 Scott Street Melton - MELTON - VIC
Listing Id: 21371684
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Details |
Bedrooms: 2 Bathrooms: 1 Parking: 2 |
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Land |
Size: 220 Square Mtr Approx Rates: 2250 |
Comments: |
Nett Return: 40750 Rental Return: $44000 |
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Building |
size: 200 Square Mtr Approx |
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Description: A rare opportunity to purchase this prominent freehold retail site in Melton's most patronised urban shopping strip. For over 30 years, this eclectic mix of retail outlets and a prominent medical centre have been at the forefront of local trade for the surrounding community. The street-front and adjacent parkland/recreation area had not long ago, undergone an extensive beautification and parking realignment program, by the local council, in order to cater for the burgeoning trade and to enhance local shoppers' experience. The property in question presents as a high profile site, containing a well-patronised Indian restaurant on the ground floor and a spacious, two-bedroom, fully self contained unit on the first floor; both occupied on fixed term leases. There is also a spacious goods receivable area to the rear, serviced by a private laneway and the building incorporates secure gated access and automatic roller door for off street parking to the site. Extensively renovated, the property is currently returning $44,000 per annum inclusive. These tightly held pockets of properties do not come up for sale often, so be quick to secure. |
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Melbourne Real Estate |
