27 Russell Street,
Essendon
Upcoming Inspections
Sold On
Tuesday, 18 March
Contact Agent
Sold On
Tuesday, 18 March
Statement of Information
Not Available
Property Location
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$360,000
0
0
0
Sqm
Offices
Stylish Shopfront Offering Instant Income
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•Leased, high-end shopfront in a vibrant Essendon lifestyle precinct
•Under 8km from CBD, with Essendon Station right across the road
•Currently occupied by a dependable tenant with further rent terms Placed prominently at the foot of the lauded 'Luminess' building, this sleek and stylish, first-class shopfront offers a brilliant opportunity in a high-exposure setting by Essendon Station. In a vibrant and further-expanding Essendon neighbourhood, its immediate position is home to countless amenities attracting outstanding foot traffic and thousands of eyes daily from the neighbouring railway line. Currently rented to a hair & beauty business with a preferable lease enjoying annual increases, highlights of the landmark commercial space include: Noteworthy points include: - 47sqm (approx.) floor area - Bright and sizeable main treatment area - Break/lunch room with kitchenette doubling as a laundry - High ceilings, a concrete floor, ducted heating, and refrigerated cooling - Current lease $22,500 p.a. (including GST) until 20th June, 2025 - Option to extend for 1 further term of 1 year, followed by 2 further terms of 2 years (each) - Annual rent increases of 3% - Commercial 1 Zone (C1Z) - 2 private car spaces - Placement by Essendon Station, the city-bound 59 tram, and lively Rose, Napier, and Fletcher Streets - Less than 8km from the CBD
