Key features include:
+ Dominant corner freehold located in prime Balaclava location.
+ A vibrant retail strip with high occupancy rate and limited competing retail nearby.
+ Outstanding public transport access, located metres from entrance to Balaclava Station and tram stop.
+ Triple fronted strategic landholding of 337 sq m* with combined 55 metres of frontage.
+ Fully leased multi-let freehold consisting of a retail tenancy and four separate spacious residential units with off-street secure car parking.
+ Diversified income steam from pharmacy plus four residential tenants.
+ Underpinned by recently renewed long term lease to Covid-proof Ramsay Pharmacy, a subsidiary of ASX listed Ramsay Health Care Ltd.
+ Combined income of $209,000 per annum plus GST
+ Strong future rental growth potential.
+ Future development potential (STCA).
For sale by public auction on Thursday 2nd December at 12:30pm on site.
* denotes approx.
For further information on this sale, contact the exclusive selling agents.