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Retail

For Sale

PROBATE SALE IN THRIVING BOUTIQUE STRIP

258A & 264 Como Parade West, Parkdale VIC 3195

Aston Commercial are pleased to offer 258A & 264 Como Parade West, Parkdale for sale via Expressions of Interest campaign closing Wednesday 18th of November 2020 at 3pm. The two assets are offered individually, or as one collective portfolio.

The picturesque properties are in the South-Eastern Bayside suburb of Parkdale, approximately 23km from the Melbourne CBD surrounded by the adjoining suburbs of Mentone & Mordialloc.

The opportunities are nestled within a thriving boutique shopping strip home to fabulous cafes, local take away outlets and anchored by the Parkdale Train Station. The two properties sit on an inviting total envelope of 380sqm* of commercially 1 zoned land with additional space at the rear of each property to add further improvements.

Collectively the assets represent excellent value with a combined income of $66,145 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
• Combined Income of $66,145 net pa*
• 380sqm* of Prime Commercial 1 Zoned Land
• Both Tenants have 5 + 5 year Options Beyond Existing Term
• Attractive Price Point with Steady Income Stream
• Rear Access Provided By Right of Way Lane

For further information, please contact Max Warren or Fred Nucara directly.

*approx.

Request Analysis

Fred Nucara

Director and Officer in Effective Control

258A & 264 Como Parade West, Parkdale VIC 3195