Key Features:• Secure Tenancy: Enjoy a stable rental income with a 3+3+3-year lease and an established tenant.• Strong Returns: Benefit from a current annual rental of $27,000 (plus GST and outgoings) with guaranteed 5% annual increases.• Development Potential: Leverage the approved plans to build two apartments on top of the existing shop, adding significant value to your investment.• Convenient Location: Situated in a tightly held retail precinct near Cranbourne Train Station, this property enjoys excellent accessibility and exposure.Property Details:• Land Area: 233m²• Building Area: 111m²• Commercial Zoning: C1Z (Suitable for various uses)• Amenities: Gas connection, grease trap, 3-phase power, separate kitchen, security roller door, ample street parking, and right-of-way access.Don't miss this opportunity to secure a property with both immediate rental income and long-term development potential.Contact Antonio Di Petta Group or Di Petta Group today to schedule a viewing.Tel: 0410 665 703
Antonio Di Petta
Mobile: 0410 665 703