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.