Freehold Property for Sale returns $115k per annum. Inner Nth Subs. 872m2 site & 21 year solid lease with option to buy high turnover business. With annual turnover in excess of $3.47M for sale.
(Business also available separately or together)
A superb double-fronted retail freehold situated on a generous 872m² site, offering exceptional security and strong returns. This blue-chip investment returning $115,000 pa is supported by a long-established, high-performing cafe & bakery business trading for over 69 years with annual gross turnover exceeding $3.47 million.
PROPERTY HIGHLIGHTS:
*Currently returning $115,000 per annum
*Brand new 21-year lease: 7 years + two further 7-year options
*3% annual rental increases
*Tenant pays all outgoings, including building insurance
*Double-fronted premises with an impressive 24.6-metre frontage
*Positioned on a high-exposure semi-main local road in one of Melbourne's popular Inner Northern suburbs, only 9km from the CBD
*Secure, long-term tenant operating a proven, solid, and thriving business
This is an outstanding opportunity to secure a premium freehold investment in a tightly held and high-demand location, with 4 titles
PRICING OPTIONS:
Property Only: $2.55 million | Business Only: $1.18 million | Business + Property Together: $3.73 million
Enquire today.
Tony Latessa
Phone: [Phone Number Censored]
Email: [Email Censored]
Jamal Dabab
Phone: [Phone Number Censored]
Email: [Email Censored]
Listing: ME03374
Ref: ME03374
Timestamp: [Phone Number Censored]
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