AUCTION, THURSDAY 14th AUGUST at 12 NOON
77 Brice Avenue, Mooroolbark
Retail investment in Melbourne’s outer east
Mooroolbark is nestled in the foothills of the Dandenong Ranges, approximately 30 kilometres east of Melbourne. With parklands and playgrounds bordering the central shopping area, along with the local community centre and library, the town centre has a real sense of a bustling community hub.
Now GrayJohnson is pleased to bring to auction a high quality retail property occupying a prominent position in this busy town centre. With a secure lease to a successful pharmacy business, this well-presented and well-located property represents a solid investment with ongoing returns.
This property is situated in the heart of the town centre just doors from the Coles Supermarket and is surrounded by a mix of neighbourhood shops, food businesses, and services including Australia Post and Bendigo Bank. The new Mooroolbark railway station, on the Lilydale line, is just across from the premises’ rear entrance and there is ample council car parking throughout the precinct.
This building is a single storey retail shop with a 4.8 m* frontage and prominent signage. It is fully self-contained with a small kitchenette and bathroom facilities. The current tenant has occupied the premises since 2001 and has recently joined the national TerryWhite Chemmart pharmacy chain, the largest pharmacy chain in Australia.
With a quality tenant and a current lease expiring on 30 April 2028 plus a further five-year option, this property offers outstanding value at an affordable price.
Key features
• Building area 92 sqm* on land 95 sqm*
• Leased to a successful pharmacy business
• Lease ends 30/4/28 with further 5-year option
• Returning $41,881.22 pa net plus GST
Location
• Thriving town centre position with high foot traffic
• Steps to Mooroolbark railway station
• Surrounded by council car parking
• Easy access to Maroondah Highway, Mount Dandenong Road and EastLink
For further information contact Brett Simpson 0402 427 392.
