> Five (5) retail shops plus rear yard
> Partially leased to Lang Lang Pharmacy and General Store
> Current Rental: $27,578 pa net
> Estimated fully-let income: $50,000 pa net
> Land area: 711 sqm approx
> Building area: 265 sqm approx
> Commercial 1 Zoning
> Significant development opportunities (STPA)
This is a rare opportunity to acquire a corner freehold investment with multiple tenancies.
The subject property is situated right in the heart of Lang Lang, the gateway to Phillip Island and Gippsland.
The township of Lang Lang, just off the South Gippsland Highway, is located about 76 kms south-east of Central Melbourne. The township is due to increase in population by 43.95% by 2041.
Call GrayJohnson today to have a discussion or to arrange an inspection.