DESCRIPTION:

Outstanding corner opportunity in eclectic Windsor, close to Chapel, Fitzroy and Acland Streets within an evolving precinct.

St Kilda Junction is metres away providing excellent road and public transport linkages to the CBD, St Kilda Road office precinct and south eastern suburbs.

The property offers two street frontages of some 48 metres and provides an outstanding future occupation or development opportunity

LAND AREA: 446 square metres approximately

CAR PARKING: 6 on-site car spaces accessed via Raleigh Street

ZONING: Residential 1 (R1Z) under the Stonnington Planning Scheme

LEASE SUMMARY:

The current tenant has been in occupation of the property for some 25 years. There are currently two leases in place:

Lessee: Windsor Services Pty Ltd Gregory Michael Cunningham

Lease Term: Three (3) Years Three (3) Years
Further Term(s):

Three (3) Years plus Three (3) Years Three (3) Years Plus Three (3) Years

Lease Commencement: 01 January, 2008 01 January, 2008

Current Rental: $48,000.00pa net $4,000,00pa

Reviews: Annual 4% increases Annual 4% increases

TOTAL RENTAL $52,000.00pa NET