9/78-92 Nepean Street, Watsonia

ESSENTIAL SERVICE INVESTMENT LEASED TO LONG STANDING & TRUSTED TENANT

Jones Real Estate is pleased to present 9/78-92 Nepean Street, Watsonia to the market For Sale via Public On-Site Auction on Thursday 14th March 2024 at 12:30pm.

This tremendous asset is ideally situated within the heart of Diamond Village Shopping Centre and is underpinned by its accessibility to major arterial road networks such as Greensborough Highway, Watsonia Road, Lower Plenty Road, Plenty Road and the M80 Ring Road, offering unrivaled accessibility to surrounding suburbs and Melbourne’s CBD.

Key highlights of this property include:

– Offering 108sqm* of NSA on a 142sqm* landholding.

– Leased to long standing essential service tenant ‘Watsonia Compounding Pharmacy’ on a five (5) year term with a further optional term of five (5) years.

– The property is currently returning $41,533.60 p.a. + GST & Outgoings with CPI annual increases.

– Equipped with kitchenette and bathroom amenity.

– Located within the City of Banyule, home to a population of 133,438, and is forecast to grow to 160,176 by 2041**.

– Rare Commercial 1 Zone (C1Z) opportunity with only 1.51% of land within Watsonia carrying this flexible and versatile zoning^^.

– Surrounded by a plethora of road networks such as Greensborough Highway, Watsonia Road, Lower Plenty Road, Plenty Road and the M80 Ring Road.

*Approx.
**forecast.id.com.au
^^landchecker.com.au

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.