May 07, 2017

INVEST NOW, OCCUPY LATER

EXECUTOR’S AUCTION
Wednesday 17th May at 1pm on site

9 Chapel Street, Windsor

With the upcoming auction of 9 Chapel Street, Windsor, an amazing opportunity has become available for the property’s new owners. 

This iconic two-storey building in a premium location at the corner of Chapel Street and Dandenong Road generates income from various revenue streams, including the shop and dwelling, and signage.  This makes it suitable for investors wanting a revenue stream or owner occupiers looking to establish their own business.

James Glen, Senior Sales and Leasing Executive, says, “The shop and dwelling are currently leased to December 2017 for over $36,400 per annum.  While there is currently no set option for the shop lease to be renewed, it may be possible to renegotiate an extension.  Also, the signboard lease at over $9,000 a year expires in March 2020, with an additional five-year option.”

The building of approximately 130sqm has an open plan shop with kitchenette and toilet, and a residence.  It is currently leased to a convenience store.  Glen adds, “Chapel Street is one of Melbourne’s most popular shopping strips, and this property is located the top end near Windsor train station.  With the great location and so many options, this provides a fantastic opportunity for its new owners”

Open inspections are on Thursdays, 12:00pm to 12:30pm.

FOR FURTHER DETAILS CONTACT:
James Glen on 0401 493 277 or jamesg@nicholscrowder.com.au
Julian Vautin on 0420 406 660 or julianv@nicholscrowder.com.au