Prominent Retail Investment

415-417, Springvale Road, FOREST HILL, VIC, 3131

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341 m2

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Overview

A big name to add to your commercial portfolio.

GrayJohnson is pleased to offer for sale by auction this substantial retail investment in Springvale Road, Forest Hill.

The long term tenant is Australia’s largest pharmacy retailer with more than 300 stores* and 9,500 staff nationally*.

This valuable essential services tenant has just committed to a new 5 + 5 year lease, making the property an excellent acquisition for investors.

The opportunity:
> Occupied by Chemist Warehouse since 2007
> Brand new 5+5 year lease
> Annual fixed rental increases
> Rental: $87,915 pa + GST & Outgoings
> Wide frontage to Springvale Road
> Substantial retail premises of 341 sqm*
> Land area: 373 sqm*
> Excellent on-street parking in service road
> Zoned Commercial 1

The location:
• High exposure on main road location
• Located in boutique neighbourhood shopping strip
• Established residential precinct only 18km* from the CBD
• Easy access to major arterials

Auction Wednesday 30 November @ 11 am

*approx.

Key Details

Status

Sold

Type

Retail

Contact

Matt Hoath

Director & Auctioneer (melbourne)

mhoath@grayjohnson.com.au

0418 543 714

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Communication throughout was first class. They helped us understand the market, our options and fought hard to get us a great price. We would highly recommend GrayJohnson if you’re looking for a commercial property partner.

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Thoroughly professional, they keep you informed through out the leasing process, they will do the hard yards to secure a tenant that will suit your premises. I cannot highly recommend GrayJohnson any more for they work hard to achieve the best outcome for their clients.

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