88 Balcombe Road, Mentone

A Most Valuable Retail Investment

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING TUESDAY 20th MARCH AT 2PM

* 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.

*Approximately
**Source: http://levelcrossings.vic.gov.au/crossings/balcombe-road-mentone

For further details and inspections contact:

NICHOLS CROWDER
James Glen 0401 493 277
Sally-Anne McQuillian 0400 203 203

CBRE
Rorey James 0439 400 081
Kevin Tong 0422 848 818

NB: All measurements and information is indicative only.