2 & 3 / 250 Barkly Street, Footscray VIC 3011
Shop 2 & 3, 250 Barkly Street Footscray "Investment Property"
Now going for Private Sale
Stockdale and Leggo is exclusively present a remarkable commercial property for unit 2 and 3, 250 Barkly Street Footscray. Well-positioned of retail shop that surrounding by mix retails and service providers including Banks, Footscray market, Coles , Kmart and Victoria University, and popular Eatery areas for all kind of cuisine.
Excellent access to major arterials including Footscray Road, Dynon Road, Princes Highway and City Link. Convenient access with public transport such as Footscray Station and bus services.
– Road frontage of Barkly Street
– building area ~ 256m2
– 3 allocated car parking
– Ground floor, below the offices and apartments
High exposure retail investment on prominent are of Footscray:
– Leased to a restaurant, Indian Cuisine- Sankranti Australia
– Secured lease, Term 5 years… 2 option to renew x 5 years…
– Commenced on January 2016
– exercised the option on 2021 and expire on Dec 2025
– 1 more option of 5 years, 2030
– Rental $110,330 per annum including outgoings and GST
Net rental appx $87,924
– Yearly rent increase 3%
Contact Anna Voon 0447 941 655 for IM and private inspection