1A Gladstone Pde, Glenroy VIC 3046

- Rental income: $70,363.60 pa + GST

- Two separate leases in place

- Two street frontages

OurAgent real estate is pleased to offer 1a Gladstone Parade, Glenroy for sale by Public Auction on Thursday 131stth October at 2 pm on-site.

The property presents an outstanding main road building, with two street frontages and is securely leased to a longstanding tenant on a 2 x 4 x 4 x4 year lease for the shop and 2x2x2 lease in place for advertising space above the shop.

Key property features include:

* Rental income: $70,363.60 pa + GST

* Two leases in place. Shop returning $57,600 pa including GST and Advertising rent space above the shop $19,800 pa.

* Building area: 96 sqm approx.
* Land area: 102 sqm approx
* Abutting council car parking with entrance from the rear council car park as well
* Two (2) street frontages
* Zoning: Commercial 1
* Future development upside being able to build up multiple levels (STCA)
* Walking distance to the brand new and recently completed Glenroy railway station
* The immediate location is underpinned by quality anchor tenants including Coles Supermarket, Direct Chemist Warehouse, Commonwealth Bank and many more local service retail businesses

Located in the prime position of the Pascoe Vale retail strip, this excellent set and forget retail investment offers both income, security and long-term development potential.

Property Code: 54