Auction Friday 1st May 2015 at 1:00 PM On Site Unless Sold Prior
This single level retail shop occupied by Riversdale Cellars, (a continuous business from the 1950's) with a current rental of $33,174.00 net is an excellent opportunity to secure an income stream in the medium term with an enormous upside.
With the final 5 years lease remaining of the just exercised final option, (01/08/15-30/07/20) and no further options, the development upside can then be realised. With rear access and located close to the corner of Riversdale Rd and Through Rd this premises is in a high income, high home ownership demographic and is sure to be always tenanted and desired.
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations.