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Commercial
503-509 Napier Street, White Hills, VIC, 3550

Property details

  • Property ID:
    15442
  • For Sale:
    Contact Agent
  • Area:
    4,069.00 m2 (*approx)
  • Type:

    Commercial: Office / Retail, Other

  • Development Potential:
    Commercial development Opportunity (STCA)
Agency information
John Nockles
Daniel Philip

Overview

8 SECURE INVESTMENTS 7% + YIELD !

CVA are pleased to offer this rare and outstanding investment for Private Sale.

Situated on a large land holding of 4,069m2* and combined with an impressive 80 metre* frontage to Napier Street, this substanital site is zoned Commercial 1, giving this investment huge potential upside.

This great investment is currently returning $161,970.80 pa net securely across 8 tenancies offering a very attractive return.

White Hills is located 4 kilometres* north west from Bendigo CBD; home to many profile companies including Bendigo Bank's headquarters, Bendigo Tafe and universities including, Monash University School of Rural Health and La Trobe University.

Key investment details:

Lot 1 - 503 Napier St

White Hills Post Office: 5 year lease commencing 23/05/2015

White Hills Launderette: 3 year lease commencing 23/05/2018

Combined net return: $46,878.12

Lot 2 - 505 Napier St

RE Civil Pty Ltd: 1 year lease commencing 01/02/2018

Total return: $30,000.00 per annum

Lot 3 - 507 Napier St

Bendigo Gourmet Fish Shop: 5 year lease commencing 01/05/2015

AC Hair Talk: 3 year lease commencing 15/01/2017

Richardson's Bakery: 5 year lease commencing 01/06/2017

Combined net return: $45,962.76 per annum

Lot 4 - 509 Napier St

White Hills Butchery: 5 year lease commencing 01/01/2015

Red Lantern BGO: 2 year lease commencing 06/03/2018

Combined net return: $39,129.92 per annum

Please contact CVA for further details.

*approx

Remember to mention you found this property on DevelopmentReady.com.au

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