3B, 41 Stockade Avenue, Coburg, VIC 3058

Retail

For Sale $379,000

  • Property ID: 449105
  • Floor Area: 47m²
  • Occupancy: Tenanted
OUTSTANDING ENTRY LEVEL LEASED INVESTMENT OPPORTUNITY

- Outstanding entry-level retail/office/allied health leased investment opportunity in the exclusive Pentridge Precinct
- Freshly painted building area of 47 sqm approx with split system air conditioning
- Features an abundance of natural lighting with the floor to ceiling façade windows
- Fully fitted with a kitchenette, DDA-compliant toilets, polished concrete flooring, and gallery lighting
- Other extras including floor to ceiling blinds, additional dedicated power circuits and points on all wall
- Close proximity to the recently completed IGA and shopping/office amenities
- Secure basement car space
- Activity Centre Zone
- NO GST PAYABLE
Summary of the lease terms:
Lease term: Two (2) years from 5/5/2023
Options : Two years (2) plus one (1) further term of one (1) year
Current rental : $22,360 per annum inclusive of outgoings
Reviews : Fixed 4 percent annual increases. Market review on each option to renew.

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.

Coburg Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6238 $411 6.60%
Offices $6600 $439 6.65%
Industrial $4357 --- ---
This is the average advertised price, rent and yield for Coburg, VIC 3058*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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