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Tenanted Freehold Investment For Sale in Melbourne’s South-East

38 Westminster Street, Oakleigh VIC 3166

• Adult entertainment venue with all relevant council approvals and an onsite manager
• Industrial 1 Zoning positioned amongst a highly sought after industrial and commercial precinct
• Tenanted with $132,000 rent + GST
• Lease Terms 3 years + 9 further terms of 3 years each commenced 10th April 2024, with CPI increases annually
• Secure premises with CCTV throughout common areas, security gate and secure entry door with intercom
• Highly accessible area, close to public transport and Princes Highway
• Oakleigh Central Shopping Centre 400m away with anchor tenants Coles & Woolworths and 25 specialty stores and services
• Located 1.85km from Chadstone, Australia’s largest shopping centre with over 550 stores, designer boutiques and over 30 luxury brands
• An experienced tenant who also operates another venue, with a steady stream of repeat clientele
• A well-maintained premises with additional renovations being carried out by the tenant, demonstrating their care and commitment to successful business operations
• Land Size: 599m2 (Approx.)

For Sale – $2,200,000

Please contact Jonathan Lan on 0422 358 259 or Wendy Zhou on 0422 011 188 to receive a detailed information memorandum

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ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.

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Property Features
  • Retail
  • Land is 599 square
Commercial Features
Highlight 1

Tenanted with $132,000 rent + GST

Highlight 2

Lease Terms 3 years + 9 further terms

Highlight 3

CPI increases annually

Zone

Industrial 1 Zoning positioned amongst a highly sought after industrial and commercial precinct

Inspection Times

No inspections are scheduled at this time.

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