12 year lease plus options thru to 2042.
Commanding 4,199sqm site within ‘Golden Mile’ retail precinct .
Strategic site on a major metropolitan arterial 44,000 + vehicles passing daily.
Homebound location on busy Maroondah Hwy with frontage to 3 streets of 176 metres.
Outstanding underlying land value, Zoned Residential 1 with future development potential (STCA).
Includes stand alone auto and self serve car wash complex separately leased.
Generous depreciation benefits.
Tenants pay usual outgoings.
Combined Rent: $358,525 pa.