39 Chute Street, Diamond Creek, Vic 3089

* FIRST TIME OFFERED FOR SALE IN OVER 44 YEARS
* RETURNING CIRCA $69,757 PER ANNUM NET PLUS GST
* CORNER POSITION WITH FUTURE DEVELOPMENT POTENTIAL (STCA)

Jellis Craig are pleased to offer for sale shops 1, 2 and 3 / 39 Chute Street, Diamond Creek via Private Sale. 

Well positioned on the corner of Chute Street and Inglis Street, offering high exposure from both directions of traffic and potential re-development upstairs with plans available (STCA) is this excellent with investment opportunity in Diamond Creek’s tightly held neighbourhood retail village with multi-income stream from three (3) tenancies.

Currently leased to established local businesses Beaute Boutique beauty salon, Pickwick & Sprout children’s toy store, and Malone & Co. photography studio, all with further lease options and returning circa $69,757!  

This excellent asset is set amongst a number of popular national retailers such as Squires Loft, Shell petrol station, Coles, IGA, Mitre 10, McDonalds, Coles and local traders Viva Life Pilates, Di Pietro’s café, Piccolo Meccanico coffee shop, Yo Fomo frozen yogurt, Nillumbik Cellers and many others all in the heart of the action! 

Features:

-Building area: 172 m2 (approx.)
-Land area: 223 m2 (approx.)
-Three shops, three tenants, one title
-Combined income $69,757 per annum net plus GST (approx.)
-Annual CPI increases, market review at options
-Re-development plans available (STCA)
-Close to train and bus public transport options
-Ample customer parking in village
-Commercial 1 Zoning
-Suitable for variety of uses (STCA)

Please contact the exclusive sales and marketing agent for further information.