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$60,777

48 Jackson Court, Doncaster East, VIC 3109

INVEST OR OCCUPY!

Located in the heart of this tightly held retail precinct of Jackson Court is this single level shop & dwelling with rear excellent access and redevelopment potential (S.T.C.A).

Land Area: 223 sqm approx
Building Area: 124 sqm approx

Leased to a long standing tenant Mogu Mogu Japanese restaurant (tenancy commenced 2004).

Current Lease: Five (5) Years
Commencement Date: 22 May 2022
Rental: $60,777.96 per annum plus outgoings plus GST increasing by CPI on the 22/05/2025 (eg. if CPI is 2.4% rental will increase to $62,236.63 per annum plus outgoings plus GST).

Outgoings: 100% payable by tenant
Options: NIL) Tenant has exhausted all lease options and therefore current Lease expires 21/05/2027 and the choice is yours to offer a renewal of Lease or to take possession and occupy).

Zoning: Commercial 1
Council Rates: $4,350 per annum
Water Rates: $1,250 per annum

Neighbouring tenants anchored by ALDI, Dan Murphy's, Australia Post, Nick's Wine Merchant and many more specialty retail shops.