OVERVIEW
KBL Commercial has the pleasure in offerings for Private Sale 68-70 Jumping Creek Road, Wonga Park.
This Rare Corner Main Road property provides the fortunate buyer with multiple options as followings.
Lot 1: A Commercial Zoned site with 3 tenants over 4 tenancies with the major tenant being the IGA supermarket + Liquor store PLUS
Lot 2: 1,008m²* of Residential Zoned land with future development to value add.
This unique opportunity is to purchase 1 or both sites for a total of 2,175m²* in this tightly held leafy Melbourne suburb.
Jumping Creek Road is going through a major reconstruction plan to increase overall safety of the road and create a better access in and out of the corner site.
The Commercial Zoned site (Lot 1) has an IGA Supermarket plus Liquor store, a Hairdresser, a Day Spa with a total current rent of $196,848.39 per annum plus GST plus Outgoings
IGA rent $105K per annum plus GST plus Outgoings
IGA lease commencement 1 April 2024
IGA term 5 x 5 x 5 x 5
IGA yearly reviews 4% per annum per year straight.
The adjoining Residential Land (Lot 2) offers the potential to build complimentary residential and/or commercial outcomes (STCA).
Please consider this value-add opportunity.
ENQUIRE ABOUT THIS PROPERTYContact Agent
Max Braudé
M0414 575 550
Emax@kblcommercial.com.au