Ride Subway to excellent security, exceptional returns and expected growth. Centred at the entry to the area’s major shopping precinct, this Somerville Plaza shopfront will drive your portfolio with an excellent long-term tenant, a well-structured lease and a premier position in one of Melbourne’s fastest-growing outer suburbs.
Key Features;
*Approx 70sqm floorspace
*20 year leasing arrangement at $31,908 commenced June 2024
*4 x 5 year options with 3% annual increase
*Long term multi-option lease to a major fast food brand
*Exceptionally secure corporate tenancy – head-office operated site
*Appointed for food preparations: wash-up area, 2 cool-rooms
*WC facilities, commercial r/c air-con, rear yard
*Opportunity for good street front signage and rear access
*High-profile high-traffic position
*At the entry to Somerville’s ever-evolving retail centre
*Neighboring everyday retailers; Woolworths, Direct Chemist and Australia Post
*Wider shopping precinct including major brands: Target, Coles, Rivers and
MacDonalds
*Community hub adjacent Somerville Recreation Centre, Reserve and Sports
Park
Unparalleled security, returns and growth in one of Melbourne’s fastest growing suburbs.
Disclaimer: The information contained in this website has been prepared by Missell Property Group Pty Ltd (“the Company”) and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
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