AUCTION THURSDAY 28th AUGUST at 12 NOON
238 High Street, Ashburton
Substantial retail investment in popular strip
At GrayJohnson we have recently seen strong interest from investors in acquiring retail properties in thriving neighbourhood shopping precincts such as this one. This is an exceptional opportunity to acquire a solid investment in a busy centre with strong local patronage.
This high-quality building of some 215 sqm* was formerly a Westpac bank and is currently occupied by the Ashburton Eye Clinic. With a plum position in the heart of the busy Ashburton Village shopping precinct, and a new 3 + 3-year lease commencing in June 2025, it is an excellent foundation for or addition to a commercial property portfolio.
The single-level retail building, on a land holding of 231 sqm*, is fully heated and air-conditioned, with modern kitchen and bathroom facilities. It has a frontage of 6.3 metres* to busy High Street and its position at the pedestrian traffic lights provides significant foot traffic past the door. A laneway at the rear gives access to four off-street parking spots.
Key features
• Building area 215 sqm*on land area 231 sqm*
• Rear off-street parking for 4 cars
• Lease 3 + 3 years commencing 30 June 2025
• Annual income $70,434 pa net plus GST
• Zoned Commercial 1
Location
• Heart of bustling Ashburton Village
• Close to shopping, cafés and services
• 240 m to Ashburton station
• 2 km to Monash motorway
For further information contact Brett Simpson 0402 427 392.
*Approx.
