1, 309 Boundary Road, Mordialloc, VIC 3195

Sold

POINT OF INTEREST:

Local takeaway institution with satisfying leasing terms. This popular destination is locked into a 5 + 5-year lease beginning in July 2022, with annual leasing income of $60,432 plus GST. Comprising 340 sqm* of total building area, purposefully fitted as a modern takeaway food space with warehousing at the rear (including roller door access) and 5 car spaces included on Title, plus 14 visitor car spaces on-site. With frontage and exposure to Boundary Road, safeguarding any food retail or future industrial use, plus the potential of operating under two tenancies.

- Current leasing agreement: 5 + 5 years beginning in July 2022.
- $60,432 + GST in leasing income.
- Annual CPI increases.
- 340 sqm* total building area.
- Industrial 1 zoning.
- 5 car spaces on title, plus an additional 14 on-site.
- 800 m* to the Mordialloc Freeway.
- 3.1 km* to the Dingley Bypass.
- 2.4 km* to the Nepean Highway.

POINT OF VIEW:

The property is very well located to take advantage of the thousands* of cars passing every day.

*Approx.
Pricing excludes GST

• Availability: Subject to lease.
• Lease Term: 5 + 5 + 5 year lease.
• Rent Review: Annual CPI Increases, Market Review at Options.
• Car Spaces: 5 on Title plus 14 visitor car spaces on-site
• Air Conditioning: Yes.
• Car Parking Fees: N/A

• Water Rates: $766 p.a.*
• Land Tax: $515 p.a.*
• Council Rates: $2,197 p.a.*
• Owners Corp. / Insurance: TBC.