Oakleigh investment with ANZ lease for sale

Teska Carson is still marketing a prime, mixed-use, investment at Oakleigh in Melbourne’s south-east.

Located at 40-42 Atherton Road within Oakleigh’s retail and commercial precinct, the property comprises an 829 square metre building.

It incorporates a double fronted, 278 square metre shop and three brand new apartments over two levels, each with balconies and two car spaces.

The Commercial 1 zoned, 424 square metre site, which is located in a precinct that includes Woolworths, Coles, Liquorland, all major banks, and Chemist Warehouse, has 10.5 metres frontage to tree-lined Atherton Street.

The retail component is currently leased to ANZ Bank on a ten year term at circa $133,705 per annum.

The three apartments, including one with three bedrooms and study, one with three bedrooms and one with two bedrooms, will be offered with vacant possession but with a 12 month rental guarantee bringing the total return to $235,105.

Teska Carson’s George Takis and Michael Taylor are offering the property for the first time in 20 years.