SOLD

156 Commercial Road, Koroit, VIC 3282

6% FREEHOLD INVESTMENT

It will be immediately apparent the opportunities that are on offer at 156 Commercial Road, Koroit.
What's on offer is something that seldom arrives on the market in this rapidly growing and developing Koroit region.
This centrally located business premise in the main street of Koroit is tenanted by a successful pizza shop, Alex's Pizza Koroit, with vacant land at the rear. The long term lease is 5 x 5 x 5. This business has been operating for over 10 years.
Net rental is $39,000 pa with annual CPI increments. This generates a 6% net return on a purchase price of $650,000.
The building comprises multiple rooms: dining rooms, service area, restaurant, bar area for 70 covers with the ability to seat a further 100, large industrial kitchen, two large walk-in cool rooms, laundry, bathroom, and one bedroom located in the residential area. There is one disabled toilet with a further three toilets; refer to floor plan.
The block of land is approximately 1,350m2.
Call today to gain further information and details regarding this dynamic opportunity.