Investor Opportunity with Massive Rental Upside
Lemon Baxter is pleased to offer 109 Bridge Road, Richmond via on-site auction on Friday 8th December 2023 at 12pm. This is a fantastic investment opportunity with a securely leased property in the heart of Richmond.
Property details
| Tenant: Ms Peachy Juice bar
| Commercial 1 Zone (C1Z)
| Building Area: 130m²*
| Land Area: 123m²*
| Lease Term: 5 years with 5 year options
| Rear Access and Car Parking
The tenant, Ms Peachy Juice bar, has signed a lease with a term of 5 years, plus an additional 5-year option, returning net annual income of approximately $32,448 + GST. This was leased during COVID, huge upside!
The property offers the convenience of rear access and car parking. Situated on the Northern side near Epworth Hospital, this location experiences high foot traffic and is well-positioned for success.
The property’s prime location and excellent long-term development potential make it an ideal addition to any investment portfolio.
For further information or to book a private inspection, please contact the exclusive selling agents at Lemon Baxter.
