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57-59 Gordon Street, Footscray, Vic 3011

57-59 Gordon Street, Footscray, Vic 3011

Retail

  • For Sale
  • $950,000 Inc. GST
  • For Sale

Premium Investment with GREAT potential!!

  • Tenanted Property
  • Long term lease
  • Main road exposure

  • Floor Area
  • 255 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • May 01, 2020

Interested in this property? Contact an Agent today

Biggin & Scott - Sunshine

3/473 Ballarat Road

Sunshine Vic 3020

Premium Investment with GREAT potential!!

Biggin & Scott Sunshine presents this wonderful opportunity to own this substantial premises with double street frontage (approx. 10m) on Gordon street, prominently located in the hustle and bustle of the highly regarded Footscray area, close to the Ballarat road. This location is further supported by its immediate proximity to the public transport system, Footscray Medical Precinct, Western General Hospital and Highpoint Shopping Centre.
Currently utilised as a restaurant/cafe, this property has double glazed frontage, full commercial kitchen, covered outdoor area at the back, renovated bathrooms, reverse cycle air conditioning and excellent signage with huge business exposure.

The relevant lease details are as follows –
-Rent $27,000 p.a
-Building Outgoings payable by Lessee
-Long term lease commencing 16/02/2019 till 15/02/2023
-Further lease options 4 + 4
-Land Size: 255m2 approx.
-Building area :150m2 approx.
-Annual 2% increase in rent
-Future redevelopment opportunity (STCA)
The opportunity to purchase this highly prized commercial real estate within an inner-city gentrifying suburb is too good to pass up.
Inspection

57-59 Gordon Street, Footscray, Vic 3011

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