10/1 The Promenade South Morang, VIC 3752

• Leased Commercial Investment Opportunity
• Superbly positioned shop of 77 sqm in the busy Promenade, Mill Park Lakes/South Morang estate
• Close proximity to the South Morang Station, Bus Transport, and Plenty Valley Shopping Centre
• Currently set up as a nail and beauty salon
• Two separate treatment rooms and a kitchenette
• Heating and cooling throughout
• Ample customer parking
• Mixed-use zoning
• Lease details:
• Current 2 year lease term from 1.7.2025
• Two further options of two years
• Fixed 4 per cent annual increases with a market review in year one of each option
• Net rental return of $20,000 per annum

From 1 July 2024, eligible buyers of commercial and industrial properties can choose to pay stamp duty in full at settlement or spread the payments over 10 years.

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.