Kitchen
Located in the bustling Braybrook Shopping Centre on Churchill Avenue, this is a fantastic opportunity to secure a property with the scope to develop (STCA) one or two apartment style residences behind the current retail building with access from the rear lane/street. Positioned on a busy street in a high-density residential area, this property enjoys significant foot and traffic exposure and has a quality, long-term tenant in place for the current building.
The current building, comprising approximately 265m?, sits on a generous land allotment of approximately 372m?. The premises are currently leased for $4,799.37 per month (inclusive of GST), with the tenant responsible for outgoings. The current lease term runs until March 2026, with options for two additional 5-year terms.
Key Features:
? Commercial 1 Zone (C1Z)
? Current Building Area: 265m? (approx.)
? Land Area: 372m? (approx.)
? Quality long-term tenant in place
? Current Lease Expiry: March 2026 with options for two 5-year terms
? Opportunity to build one or two apartment style residences at the rear (subject to council approval)
This property is highly recommended for investors seeking a stable income stream and capital growth in a prime location.
For more details or to arrange an inspection, please contact Brenda Ngan on 0435 152 545 or Howard Feilding on 0449654958.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.31 km | 3 | 2 | -m2 | Year 2024 Month 12 Day 18 | $655,000 | Council approved | |
 | 0.21 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 22 | $810,000 | Council approved | |
 | 0.21 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 24 | $680,000 | Council approved | |
 | 0.44 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 16 | - | Council approved | |
 | 0.39 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 23 | $792,000 | Council approved |