59-61 High Street Cranbourne VIC 3977
For Sale $2,450,000
- Property Type Retail
- Land area approx 547sqm
- Floor area approx 282sqm
- Region Southern Melbourne
- Locality Casey
Dual Income Retail Investment in Prime Position
First National Finning Commercial is pleased to offer two retails shops, side by side on one title.
With strong rental income under pinned by a generous land component this outstanding freehold represents unlimited long term development opportunity (STCA).
Key property features include:
- Combined rental income $ 111,600 pa net
- Land area 547m2 approx with 10m frontage to High Street
- Building area combined 282m2 (approx)
- Activity Centre Zone 1
- On site private carpark at rear
- Central location adjacent to Cranbourne Park shopping center
- Good quality tenants
- Tightly held High street location
- 59 High, Size :93m2 (approx) secure lease until 2027 with options 3x 3.
Net income $39,000 Tenant pays all usual outgoings
- 61 High Size :189 m2 ( approx) secure Lease until Aug 2025 with options 3+3
Net Income $ 72,597 pa Tenant pays all usual outgoings
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Call Agent
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Rick LaurettaFinning First National