Retail Hot Spot

Shop 6, 111, Mountain View Road, BRIAR HILL, VIC, 3088

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70.00 m2

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Overview

Affordable investment leased to 2027.

With a prominent position, a stable long-term tenant plus an existing lease incorporating annual rent increases, this outstanding investment property has it all. GrayJohnson is delighted to offer for sale this high profile premises, which is currently occupied by Briar Hill Bakehouse. This popular bakery business has occupied the site since February 2006.

Key features
• Building area 70 sqm*
• Rear access from laneway
• Leased to February 2027
• Rental $31,214 pa net
• Favourable 4% annual rental increases
• Surrounded by established residential precinct
• Bus stop at the door

The Briar Hill shopping centre offers a superb tenancy mix with other essential service providers including a pharmacy, milk bar, hairdresser, florist, Bottlemart and more, along with an off-street customer carpark. Nearby occupants also include Yarra Trail Medical, Midas and Battery World.

It enjoys fantastic exposure on the corner of two main roads and services a loyal local population of families and couples with above average household income. The location is just minutes from the Metropolitan Ring Road

This is a rare opportunity to purchase a solid asset occupied by a successful business and offering immediate returns on your investment.

Key Details

Status

Sold

Type

Retail

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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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GrayJohnson achieved two property sales in difficult markets with limited buyers and a difficult finance/banking environment. In both cases, Matt, Rory and the team at GrayJohnson worked hard to ensure a result for both vendors.