57-59 Gordon Street, FOOTSCRAY 3011

Sale Price: $950,000

Premium Retail Investment in the Heart of Footscray with upside potential!!

Biggin & Scott Sunshine presents this wonderful opportunity to own this substantial premises with double street frontage (approx. 10m) on Gordon street, prominently located in the hustle and bustle of the highly regarded Footscray area, close to the Ballarat Road. This location is further supported by its immediate proximity to the public transport system, Footscray Medical Precinct, Western General Hospital and Highpoint Shopping Centre.
Currently utilised as a restaurant/cafe, this property has double glazed frontage, full commercial kitchen, covered outdoor area at the back, renovated bathrooms, reverse cycle air conditioning and excellent signage with huge business exposure.
The relevant lease details are as follows –
-Rent $27,000 p.a
-Building Outgoings payable by Lessee
-Long term lease commencing 16/02/2019 till 15/02/2023
-Further lease options 4 years + 4 years
-Land Size: 255m2 approx.
-Building area :150m2 approx.
-Annual 2% increase in rent
-Future redevelopment opportunity (STCA)
The opportunity to purchase this highly prized commercial real estate within an inner-city gentrifying suburb is too good to pass up.

Private Inspections only. To arrange your inspection Call Frank Forti on 0419321816.

*** COVID-19 Announcement ***
If you're attending an open for inspection, we request that you only attend if you are fit and healthy to do so and not under any self-isolation conditions. We request that you maintain a healthy distance from anyone attending the open for inspection, including other prospective buyers and our team members, and if requested wait outside so as to reduce the number of people in the property at any one time. Lastly, please refrain from touching items/fixtures and doors within the properties. If you would like to view something in particular, please request the agent's assistance. Thank you.

* Photo ID required for all inspections.

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