Axis Property is delighted to offer 766 Glen Huntly Road in Caulfield South for sale via Expression of Interest - closing Friday 11th May 2018.
Securely leased to the iconic Caulfield Music Centre, this long standing business established in 1975 continues to provide music tuition, instruments & accessories, equipment repair and service to the wider community.
You have two options when buying this property:
1. Purchase the property as is with Caulfield Music Centre returning $42,000 per annum
2. Purchase the property with approved plans and permits to add 3 music studios at the rear. Caulfield Music Centre will commit to a long lease and agreed terms.
Key features include:
- Land Area: 229 sqm*
- Building Area: 180 sqm*
- Commercial 1 Zone
- Lease Commencement: 1st January 2018
- Term: Seven (7) years
- Further Terms: Three (3) further terms of Five (5) years
- Current Net Rental: $42,000 per annum
- Approved plans and permits for 3 additional music studios at rear
- High profile location
For any additional information please call Darryl Lever 0420 307 222