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Retail

For Sale

PROBATE SALE IN THRIVING BOUTIQUE STRIP

258A Como Parade West, Parkdale VIC 3195

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.

258A Como Parade West, Parkdale VIC 3195