58 East Concourse, Beaumaris

Sold

Thursday, 28th October 2021

Affordable Investment with Rental Growth Upside

SOLD

We are pleased to present a fully leased ground floor shop at 58 East Concourse, Beaumaris. This flexible shop is ideal for the savvy investor or the future owner occupier, with additional opportunity to buy the stunning apartment above.

Right in the heart of Beaumaris, The Concourse retail and dining precinct offers locals an array of delis, boutiques, eateries and more. With low traffic, ample parking and open green spaces along with proximity to the local primary school, The Concourse is the place that families and friends gather to meet – so a shop front investment in this prized position makes sense.

Close to professional suites and cafes, just steps to the practicalities of banking & the Post Office and within easy reach of bus routes, this beachside locality is one that will attract attention.

The ground floor leased shop is very affordable and is highlighted by the following key attributes:

* Established local gym/fitness tenant
* Recently renewed 3 year lease + 3 year option
* Current net income: $32,448 p.a.
* Current rental considered to be well below market levels
* Annual 4% increases with next market review in 2024
* Retail space: 130sqm* with 6.1m* frontage
* Flexible open plan with rear amenities

In addition, there is the wonderful opportunity to buy the stunning first floor apartment which has two large bedrooms, and a generous living room, opening out onto beautiful terrace with a treed outlook. You can buy one or both!

For further details or to arrange an inspection please contact agents in conjunction:

NICHOLS CROWDER
Julian Vautin 0420 406 660

OBRIEN REAL ESTATE
Ami Russell 0447 020 608

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

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We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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