98 Bridge Mall Bakery Hill, VIC 3350

Located at the east end of Bridge Mall, this 2 storey part renovated heritage building offers a great return with future potential to upgrade the first floor and increase your return. Set on a site of approximately 210m2 the property comprises a ground floor office of approximately 164m2 and first floor disused space of approximately 82.50m2. There is space for 2 cars on site at the rear with access from Little Bridge Street. The ground floor comprises both open plan and separate offices with recently upgraded staff amenities. It is carpeted, has air-conditioning and both front and rear street access. The first floor is largely unused and has no separate access at present. The ground floor is leased to CatholicCare Victoria who have occupied the property since 2018 and renewed their lease on 1/9/2020 for 2 years with a further 2 year option. The current rent is $37,000pa + GST and a share of outgoings. This is a great opportunity to invest in a commercial precinct primed for reactivation as the Bridge Mall undergoes major upgrading and potentially reopening to traffic.
$645,000