GET IN LINE FOR A PIECE OF MAIN STREETS BUSIEST.
POINT OF INTEREST:
A landmark Main Street location for any retail or hospitality investor, this profile freehold commercial opportunity has cash flow — and cappuccinos — covered for the next five years. Bella Piatto occupies the 252 sqm* building on a five year lease term, paying $90,000 per annum for the significant 426sqm* of Main Street retail. That exposure would benefit any commercial business here, particularly if you pay attention to the commercial 1 zoning, providing flexibility for future tenants or business ventures. From the heavy foot traffic to the light footwork getting to the impressive upgraded Croydon railway station, the location is smack bang in the middle of Croydon’s high street and busiest precinct, as well as key arterials like Dorset Road, Mt Dandenong Road, and the Maroondah Highway.
- Tenant: Bella Piatto
- Current Rental: $90,000 per annum plus outgoings & GST.
- Lease Term: Five (5) years.
- Lease Commencement : 27 May 2024.
- Outgoings: Payable by tenant.
- 426 sqm* total land area.
- 252 sqm* total building area.
- Commercial 1 zoning.
- 7 m* Main Street frontage.
- Rear access.
- 260 m* to Croydon railway station.
POINT OF VIEW:
Main Street’s middle seat at the table. And when you’re already guaranteed $90,000 a year in income, this investment goes from a strategic play to a once-in-a-decade commercial move.
*Approx.
Pricing excludes GST