Unit 5 / 544-548 Greenhill Road, Hazelwood Park
AN AFFORDABLE EASTERN SUBURBS INVESTMENT
Unit 5 / 544-548 Greenhill Road, Hazelwood Park
- Price: Contact for price
- Location:HAZELWOOD PARK
AN AFFORDABLE EASTERN SUBURBS INVESTMENT
Rare opportunity for small investor or an intending future owner occupier to acquire strata titled premises with valuable developmental and licensing approvals in place to operate as a licensed restaurant with an associated take-a-way outlet.
Unit 5, form part of a landmark and tightly held strata titled complex as owned by individual entities and is prominently positioned along Greenhill Road at the intersection of Glynburn Road.
Unit 5 has a lettable area of about 85 sq.m and for many years has been utilised as a Licensed Restaurant, currently operating as "Samui Thai".
The current lease in place expires on 31/08/2018 with no right to extend remaining. Current rental payable is only $30,162.92 PA + GST and Tenant is also responsible for payment of all statutory charges (except Land Tax) and the Tenant also pays the Strata Contribution Levy.
The existing rental rate is conservative given the location of the premises and its approved land use therefore providing genuine rental/capital growth prospects.
The property is offered for definite sale at $545,000.000 and the existing lease will be assigned to the purchaser at settlement with no variations.
Contact Sole Agents - George Zogopoulos on 8410 6444 or 0412 824 278.
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