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447-449 Whitehorse Road
Mitcham, VIC 3132
$2,100,000 - $2,310,000
Overview
447-449 Whitehorse Road
Offered for the first time in over 40 years, this exceptional investment opportunity features an established petrol station with a tenancy in place, alongside a separate mechanic workshop also leased, collectively generating an annual return exceeding $84,000 across the entire site.
This property presents significant potential for expansion and enhancement, allowing the new owner to increase the asset's value substantially. The existing infrastructure and tenant arrangements provide a solid foundation for continued income and growth.
Key terms include a 10% deposit and a settlement period of up to 12 months, offering flexibility for prospective buyers to arrange their finances and complete the purchase process smoothly.
This rare offering combines steady income with development possibilities, making it an attractive prospect for investors seeking a long-term asset in a well-established location.
Location
Mitcham VIC 3132
Market Insights for Mitcham VIC 3132
Other properties in this postcode
Auction | $1,100,000 - $1,200,000
10 Walwa Street, Mitcham VIC 3132
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