RIPE INVESTMENT WITHIN CENTRE ONE-STOP SHOP.
Open for Inspection available - Wednesday 23rd of October at 1.00PM -1.30PM. Please Register to View.
For Sale By Public Auction Wednesday 30th October At 12 Noon On Site
POINT OF INTEREST:
This two-level retail freehold stands tall amongst the popular local businesses on the block, a complementary set of errands-tickers that attract families, young professionals, and everything in between. Over 223 sqm* of land, the 262 sqm* is split between a ground-floor retail space and a first floor two-bedroom dwelling with separate access. The rear right-of-way access also leads to a substantial council car park via Bullen Street. “Farm Fresh Doncaster” now operates from a location that has been filling shopping bags with quality produce for over 40 years. This thriving business has had its recent agreement in place since May 2024, with options to extend to 2043 through 3+3+5+5-year terms. Farm Fresh pays $83,428.57 per annum + GST + outgoings to set up shop here, a proven strategy considering the foot traffic and neighbouring tenants playing their part well. Anchored by tenants like ALDI, Dan Murphy’s, and Australia Post, there’s approximately 90 specialty shops sitting adjacent to Doncaster Reserve. Although everything is right here, it’s brilliantly connected to the rest of Melbourne. The Eastern Freeway is a 4-minute drive away, taking you into the CBD in half an hour.
- 262 sqm* total dual-level building area
- 223 sqm* total land area with Doncaster Road visibility.
- New 3 year lease from May 2024 with options to 2043
- Current passing income $83,428.57 per annum
- Commercial lease over the whole property.
- Commercial 1 zoning.
- Rear right-of-way access leading to a council car park accessible via Bullen Street.
- 4 minutes* to the Eastern Freeway.
- 100 m* to the #906 bus stop.
POINT OF VIEW:
They say you can’t buy legacy, but you can invest in an esteemed business that has spent nearly half a century building exactly that. Anchor your portfolio in a freehold that has all the ingredients to serve the community for decades to come.
** Note Freehold only for sale, business as usual for Farm Fresh Doncaster
*Approx.
Pricing excludes GST