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Bayleys is pleased to present for sale a tenanted investment property in a locality experiencing significant gentrification. 180A Hillsborough Road is the quintessential local bakery situated within a block of shops including a dairy, liquor shop and sushi bar.
The property presents an affordable commercial investment opportunity on a cross leased (fee-simple) title without body corporate. Situated along the busy arterial road with secure income from the long-established award-winning bakery tenant that has serviced the local community for many years.
Freehold investments of this nature are very rare so don't miss your opportunity to secure this slice of real estate as our offshore vendor's instructions are clear, this is to be sold.
Feature:
• Five-year renewed lease from August 2022
• Returning net $26,600 pa + GST
• Motivate landlord
• Zoned Business - Neighbourhood Centre Zone
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.27 km | 5 | 2 | 220m2 | 2024年04月10日 | $1,460,000 | Council approved | |
 | 0.33 km | 4 | 2 | -m2 | 2024年04月03日 | $1,400,000 | Council approved | |
 | 0.43 km | 4 | 2 | -m2 | 2024年03月20日 | $1,065,000 | Council approved | |
 | 0.34 km | 4 | 2 | 217m2 | 2024年01月22日 | $1,100,000 | Council approved | |
 | 0.08 km | 4 | 2 | 175m2 | 2023年12月09日 | $1,340,000 | Council approved |