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Overview
INVESTMENT IN SOUGHT AFTER ASHBURTON VILLAGE
This commercial retail property, Shop 2 located at 218-224 High Street in Ashburton, presents an excellent investment opportunity within the sought-after Ashburton Village retail precinct. Positioned on the vibrant High Street retail strip, this property offers an outstanding entry-level investment ideal for astute investors seeking a foothold in a thriving commercial area.
The property benefits from a secure lease arrangement, providing a stable income stream. The current lease commenced on 1st December 2022, with a term structured as 3 years plus two further 3-year options, ensuring long-term tenancy and income continuity. The lease includes annual rental increases of 3.5%, enhancing the investment's growth potential over time.
The building itself offers a well-sized retail space of 87 square meters, suitable for a variety of commercial uses. Additionally, the property includes the advantage of an on-site car park, which is included on the title, providing convenient parking for tenants and customers alike.
Key investment highlights include:
- Annual rental income of $47,134 per annum
- Lease term of 3 + 3 + 3 years, commenced December 2022
- Annual rental increases of 3.5%
- Building area of 87 square meters
- On-site car parking included on title
This property is well positioned within a popular retail village environment, benefiting from strong foot traffic and a supportive local community. It represents a sound investment for those looking to acquire a commercial asset with secure income and growth prospects in a prime location.
For further information or to arrange a viewing, interested parties are encouraged to make contact through the appropriate channels.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Ashburton VIC 3147
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 87 m² |
Market Insights for Ashburton VIC 3147
Other properties in this postcode
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