Cameron are pleased to present for sale or lease, a retail premises nestled within the Pendle Street shopping strip. For tenants looking to lease this premises, the desireable Box Hill location is underpinned by other retailers and provides ample passing foot and car traffic. For investors looking for development potential, the design and development overlay schedule 4 allows a building height of up to 14.5m, creating many future opportunites. Floor Area : 127sqm Land Area : 130 sqm Key Features: • Just 700m* to Box Hill CBD • Substantial 6m* frontage • Amenities including toilet and kitchenette • 6m approx. street frontage • Within Design and Development overlay schedule 4 allowing a building height up to 14.5m (4 storeys) Tenancy details: * Term: 2 year lease commencing Jan 2025 with options to 2036 * Rent: $50,400 pa net * Increases: 5% per annum (market at options) * Tenancy use: Grocery and convenience * Fitout: Fully and wholly paid by the tenant (this ensures their longevity into the premises due to their capital contribution) * Bond: 3 months gross rent (currently $13,860)
