Price Guide:
UNDER OFFER
Aston Commercial are pleased to offer 258A Como Parade West, Parkdale for sale via Private Sale.
The picturesque property is located in the South-Eastern Bayside suburb of Parkdale, approximately 23km from the Melbourne CBD surrounded by the adjoining suburbs of Mentone & Mordialloc.
The opportunity is nestled within a thriving boutique shopping strip home to fabulous cafes, local take away outlets and anchored by the Parkdale Train Station. The property sits on an inviting total envelope of 190sqm* of commercially 1 zoned land with additional space at the rear to add further improvements.
The asset represents excellent value with an income of $21,057 per annum* with scope for significant upside in rent due to a forthcoming rent review in early 2021.
Property Highlights:
• Exciting Local Retail Village With Zero Vacancy
• Income of $21,057 net pa
• Land Area: 190sqm*
• Prime land with a Commercial 1 zoning
• Tenant has 5 + 5 year Option Beyond Existing Term
• Attractive Price Point with Steady Income Stream
• Rear Access Provided By Right of Way Lane
• Future development potential STCA
For further information, please contact Max Warren or Fred Nucara directly.
*approx.
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