With a prominent position, a stable long-term tenant plus an existing lease incorporating annual rent increases, this affordable investment property has it all.
GrayJohnson is pleased to offer for sale the retail premises currently occupied by Briar Hill Bakehouse. Located in a busy neighbourhood shopping precinct, this popular bakery business has occupied the property since February 2006.
Key features:
> Building area 70sqm approx.
> Rear access from laneway
> Leased to February 2027
> Rental $31,213pa 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 retailers including a pharmacy, fast food outlet, Bottlemart and more, along with an off-street customer carpark. 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. There’s a bus stop at the door and it’s 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.
6/111 Mountain View Road, Briar Hill is for sale via auction on Thursday March 14 @ 11 am.
Contact Anthony Boldrini 0468 519 472 for more details.