* New 10 year Net Lease
* Awarded Tenant
* 2,059sqm* + 65 car parks*
Nichols Crowder, in conjunction with CBRE, are pleased to present to market 86-88 Balcombe Road, Mentone, for sale via public expressions of interest campaign.
We highlight some key features below:
* Highly valuable 2,059sqm retail premises in addition to 65* secure car spaces on-title
* New 10 year net lease to South Pacific Health Club, becoming their 7th in Victoria
* Landlord favoured lease comprising fixed 3% annual rental increases and majority of outgoings paid by the tenant
* Annual income of $428,200* + GST + Outgoings, increasing to $441,050* in September
* Immediately fronting the governments recently approved transformation of the Mentone Train Station, providing major connectivity opportunities for retailers through pedestrian overpasses and walking/ cycling paths**
*Major 53m* corner frontage to the thriving Mentone retail village, which includes major supermarkets Coles & Woolworths and many more popular retailers.
For further details and inspections contact:
James Glen 0401 493 277
Matt Spicer 0448 567 403
Rorey James 0439 400 081
Kevin Tong 0422 848 818
NB: All measurements and information is indicative only.