Sold
Affordable Entry Level Investments in Melbourne’s Booming Northern Growth Corridor
Shops 11 & 12, 176 Elevation Boulevard, Craigieburn VIC

Stonebridge Property Group is pleased to offer for sale Shop 12, 176 Elevation Boulevard, Craigieburn (Aston Village).

The key highlights of the separate opportunities include:

Shop 11: SOLD 

  • Leased by Authentic Spices of India, a boutique Indian grocery store which has built up a strong local following
  • 7-year net lease with favourable 4% fixed annual increases (ensuring fixed income growth)
  • Well-exposed 75 sqm* retail space with favourable tenant signage
  • Providing annual income of $48,672*  + GST + Outgoings^
  • Aston Village provides a high level of customer convenience with complementary on-site car parking (50 spaces) & surrounding ‘free’ council car parking.

 

Shop 12:

  • Leased to Aston Falafel, a highly regarded restaurant boasting a 4.9 star Google review
  • The modern restaurant strategically offers a dine in and takeaway food service
  • Providing annual income of $48,377* + GST + Outgoings^
  • Vendor favoured 10-year net lease with fixed increases of 3%
  • The shop forms part of Aston Village, a strategically located retail centre positioned in Craigieburn’s ‘Southern Activity Centre’

 

Location:

  • The position benefits from nearby public and private amenity, notably the $26m Elevation Secondary School (100 m*), Craigieburn Football Oval (60 m*), Aston Fields (115 m*) and two Childcare Centres (within 100 m*)
  • Craigieburn forms part of the booming City of Hume – one of Australia’s fastest growing communicates with forecast 53% population growth by 2041

*Approximate
^ Income as 30th June-23

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

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