For Sale

NEWTOWN

10/321 Pakington Street

Entry Level Retail Investment

• Fully Leased Retail Investment
• Annual Rent Increases
• Prime Location

Fantastic retail/showroom investment opportunity in prime Pakington Street.

* Leased to clothing retailer, Bay Kids.
* Solid Three (3) Year lease + options to September 2032.
* Net Income: $42,500 per annum.
* Outgoings payable by tenant ($9,800 pa approx)
* Annual CPI rent increases-Market Review at option.
* 22 shared car spaces at the rear.

Property Features:
• Surrounded by a variety of successful business including national retailers.
• Active residential catchment area.
• Busy foot traffic.
• Floor Area 78.7sqm approx.
• Commercial 1 Zone.
Your opportunity to invest in Victoria's 2nd largest city and Australia's 2nd fastest growing city.