74-76 Newlands Road Coburg North, VIC 3058

• Leased Investment Opportunity with mixed use redevelopment potential (STCA)
• Frontage of 9 metres * to Newlands Road with roller shutter door access
• Commercial One Zoned property of approximately 210 sqm *
• No Body Corporate/Owners Corporation
• Includes toilet and kitchenette facilities
• Land area: 251 sqm *
• Rear yard area
• Lease details:
• Leased to Tee It Up Screen Printing
• Lease Terms: Two-year lease commencing 1/09/2024, with a three-year option
• Current rental Income: $35,000 per annum plus outgoings
• Annual CPI rental increases with a market review in year one of the further term
• Approximately

AUCTION ON SITE FRIDAY OCTOBER 31 AT 12PM

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.