Name: 388-394 Raymond Street, SALE, VIC 3850
Address: 388-394 Raymond Street , VIC, Sale, VIC, 3850
Telephone: +61 414 510 071

+5 Photos

SOLD

388-394 Raymond Street, SALE, VIC 3850

Properties / Sold / Victoria / Sale

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Other

Land Area

1,407 m² (*approx)

Zoning

Commercial 1 Zoned

Selling Method

Auction: Contact Agent

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2. Property Highlights

Securely Leased Commercial Investment with Upside

Substantial 1,407 sqm* landholding
Securely leased until March 2024
Future development potential (STCA)

Knight Frank and Wellington Real Estate are proud to present 388-394 Raymond Street, Sale.

- A superbly positioned, fully leased investment located in the heart of Sale

- Securely leased to Sales largest accounting firm (Phillipsons Accountants) until March 2024, having traded from the property since 2004.

- Currently returning $132,921 net per annum, with yearly CPI increases.

- Substantial city centre 1,407 sqm* Commercial 1 Zoned landholding with direct access to over 200 carparks.

- Well exposed building with 13.97m* frontage to Raymond Street with additional access and parking at rear.

- Prime positioning on Raymond Street, the retail and commercial epicentre of Sale.

- Irreplaceable commercial location just 200m* from major retailers like Woolworths, Coles, Bunnings and Chemist Warehouse.

- Favourable zoning, regular lot shape and dual access provide for a range of potential future development outcomes (STCA).

388-394 Raymond Street, Sale is for sale via an in-room/online auction on Friday 26 November at 1pm (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents below.

Auction Now Link:

https://auctionnow.com.au/properties/80671

Knight Frank

James Thorpe

+61 414 510 071

james.thorpe@au.knightfrank.com

Myles Neville

+61 425 662 272

myles.neville@au.knightfrank.com

Wellington Real Estate

Tony Kiss

+61 419 526 637

tkiss@wress.com.au

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