370 High Street

Melton VIC 3337

RENTAL RETURN EQUATES TO AROUND AN OUTSTANDING 6 % YIELD!
The experts say that in today's buoyant commercial market with ever shrinking yields and shrinking rental returns in inner/middle ring Melbourne suburbs the astute investor must try to find a commercial property in a booming population growth corridor/regional city in a blue chip location etc if they hope to achieve not just a high yield/rental return but also strong future capital and rental growth!
AND HERE IT IS!
Welcome to the City of Melton projected to add close to 200,000 new residents in the next 20 Years making it the second fastest growing Municipality in Victoria! *
Situated only 35 kms approx. west of Melbourne s CBD, 30 Minutes to Melbourne International Airport Melton is backed by millions of Government dollars to become a Major Employment Precinct/City and is currently not just surrounded by world class retail/sporting amenity, services, transport infrastructure but with also 11 new nearby suburbs either already under construction or about to launch!
The Property's Key Attributes Include -
1. Absolute Prime Commercial 1 Zoned Landholding ( 206 m approx.) - new adjacent Residential Growth Zone just introduced by Council in 2016 aims to encourage more 4 storey mixed use residential inner city living which in turn is highly likely to increase city centre freehold values and rents
2. In the heart of the thriving City Centre with high profile corner exposure including three frontages
3. Within the Melton Major Activity Centre - ample adjoining free Council car parking with easy ROW rear access
4. Seconds to established Majors - e.g. SUBWAY,DOMINOES,FIRST CHOICE LIQUOR, RIVERS, ALDI, IGA NAB/WESTPAC,2X HOTELS ETC and new Bus Interchange
5. Immaculate ultra low maintenance single level solid brick building with exceptional fit out. Built in 1980!
6. Occupied by a long standing local Melton Institution - Ollies Chicken - one of Melton's most successful businesses
7. Brand new brilliant secure 20 year lease Current Nett Rental Income $74,181.82pa or $6,181.81 pcm or $1,426.57 per week. The rental is projected to increase to around $75,500 pa on Sept 30th 2017 after annual CPI rent review takes effect + GST + OG s.
Along with the recent opening of the new world class Woodgrove Shopping Centre (110 International and National Retailers anchored by a 5 screen Readings Cinema complex, new K mart, Target and the 3 Major supermarkets- Woolies, Coles and Aldi) and with a new massive Bunnings outlet opposite and the city centre s multi million dollar beautifcation upgrade now almost completed Melton is definitely on the fast lane to prosperity with so much more constant CHANGE to come in the immediate future!
AND MELTON IS ALREADY ONE OF AUSTRALIA S 30 LARGEST CITIES!
What better place to invest with super supreme confidence and the expectation of huge future capital and rental growth uplift for your blue chip investment!
A truly exceptional buying opportunity! Canny Investors please note that this property will never go to Public Auction!
PRICE ON APPLICATION - YOU MUST PROVIDE BOTH YOUR EMAIL AND MOBILE CONTACT DETAILS if you wish to obtain a copy of the Information Memorandum, Comparables Statement, Contract of Sale, Vendor's Statement and to arrange an inspection.
* Population Statistics/Projections taken from Melton Council Website and ID population statistics website
Phone enquiry code for this property: 1924