Retail Investment – Ideal Investor or Part Owner Occupier
Milford is in demand from tenants and investors alike. This freehold Milford is an absolute winner given its location, multiple tenancies and possible medium-term re-development potential.
Situated next door to New World Supermarket this regular-shaped freehold site of 758m² (more or less) is zoned Business Town Centre allowing development up to 18 metres in height.
Consisting of 11 tenancies current net income is approx $285,360pa plus opex & GST with potential for this to be increased to approx $295,000pa plus opex & GST
On 1st November 2019 an office tenancy becomes vacant providing a rare opportunity for an owner occupier to combine ownership plus investment income from some 10 tenancies.
The property is built as two separate developments; one a retail mall complex and the other as a commercial office block and hospitality. IEP seismic rating is 100% NBS on the retail portion and 95% NBS on the office.
For sale by negotiation – Call for details.
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