27 Russell Street,
Essendon
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
