204 & 204A Buckley Street, EssendonAn interstate investor has swooped on a fully-leased investment on a generous landholding in Melbourne’s inner north-west.Ervin Niyaz and Chris Kombi sold 204 & 204A Buckley Street, Essendon for S1.41 million on behalf of a private local family which has held the property for 58 years, with the campaign generating interest from Melbourne, across Victoria, and around Australia.The property comprises retail premises fronting Buckley Street and a separate detached dwelling at the rear. There are two commercial leases in place, including a 5+5-year lease to Fairway Dry Cleaners, and a two-year lease at the rear dwelling, returning a combined net of S74,100pa plus GST.“The purchaser’s familiar with Essendon – they consider it a premium suburb and like that it has a high net worth demographic, and they also liked that the property itself has multiple income streams,” Niyaz said.“We’re still seeing an appetite for leased investments that are well-located in good suburbs.”Buckley Street offers an array of dining options and retail experiences, and access to major arterials including the Tullamarine Freeway, City Link, Mt Alexander Road and Calder Freeway, with tram, train and bus options nearby.The property is on 449sqm of land with a wide street frontage of 12.19m and flexible Commercial 1 zoning.Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
An interstate investor has swooped on a fully-leased investment on a generous landholding in Melbourne’s inner north-west.Ervin Niyaz and Chris Kombi sold 204 & 204A Buckley Street, Essendon for S1.41 million on behalf of a private local family which has held the property for 58 years, with the campaign generating interest from Melbourne, across Victoria, and around Australia.The property comprises retail premises fronting Buckley Street and a separate detached dwelling at the rear. There are two commercial leases in place, including a 5+5-year lease to Fairway Dry Cleaners, and a two-year lease at the rear dwelling, returning a combined net of S74,100pa plus GST.“The purchaser’s familiar with Essendon – they consider it a premium suburb and like that it has a high net worth demographic, and they also liked that the property itself has multiple income streams,” Niyaz said.“We’re still seeing an appetite for leased investments that are well-located in good suburbs.”Buckley Street offers an array of dining options and retail experiences, and access to major arterials including the Tullamarine Freeway, City Link, Mt Alexander Road and Calder Freeway, with tram, train and bus options nearby.The property is on 449sqm of land with a wide street frontage of 12.19m and flexible Commercial 1 zoning.Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
Ervin Niyaz and Chris Kombi sold 204 & 204A Buckley Street, Essendon for S1.41 million on behalf of a private local family which has held the property for 58 years, with the campaign generating interest from Melbourne, across Victoria, and around Australia.The property comprises retail premises fronting Buckley Street and a separate detached dwelling at the rear. There are two commercial leases in place, including a 5+5-year lease to Fairway Dry Cleaners, and a two-year lease at the rear dwelling, returning a combined net of S74,100pa plus GST.“The purchaser’s familiar with Essendon – they consider it a premium suburb and like that it has a high net worth demographic, and they also liked that the property itself has multiple income streams,” Niyaz said.“We’re still seeing an appetite for leased investments that are well-located in good suburbs.”Buckley Street offers an array of dining options and retail experiences, and access to major arterials including the Tullamarine Freeway, City Link, Mt Alexander Road and Calder Freeway, with tram, train and bus options nearby.The property is on 449sqm of land with a wide street frontage of 12.19m and flexible Commercial 1 zoning.Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
The property comprises retail premises fronting Buckley Street and a separate detached dwelling at the rear. There are two commercial leases in place, including a 5+5-year lease to Fairway Dry Cleaners, and a two-year lease at the rear dwelling, returning a combined net of S74,100pa plus GST.“The purchaser’s familiar with Essendon – they consider it a premium suburb and like that it has a high net worth demographic, and they also liked that the property itself has multiple income streams,” Niyaz said.“We’re still seeing an appetite for leased investments that are well-located in good suburbs.”Buckley Street offers an array of dining options and retail experiences, and access to major arterials including the Tullamarine Freeway, City Link, Mt Alexander Road and Calder Freeway, with tram, train and bus options nearby.The property is on 449sqm of land with a wide street frontage of 12.19m and flexible Commercial 1 zoning.Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
“The purchaser’s familiar with Essendon – they consider it a premium suburb and like that it has a high net worth demographic, and they also liked that the property itself has multiple income streams,” Niyaz said.“We’re still seeing an appetite for leased investments that are well-located in good suburbs.”Buckley Street offers an array of dining options and retail experiences, and access to major arterials including the Tullamarine Freeway, City Link, Mt Alexander Road and Calder Freeway, with tram, train and bus options nearby.The property is on 449sqm of land with a wide street frontage of 12.19m and flexible Commercial 1 zoning.Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
“We’re still seeing an appetite for leased investments that are well-located in good suburbs.”Buckley Street offers an array of dining options and retail experiences, and access to major arterials including the Tullamarine Freeway, City Link, Mt Alexander Road and Calder Freeway, with tram, train and bus options nearby.The property is on 449sqm of land with a wide street frontage of 12.19m and flexible Commercial 1 zoning.Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
Buckley Street offers an array of dining options and retail experiences, and access to major arterials including the Tullamarine Freeway, City Link, Mt Alexander Road and Calder Freeway, with tram, train and bus options nearby.The property is on 449sqm of land with a wide street frontage of 12.19m and flexible Commercial 1 zoning.Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
The property is on 449sqm of land with a wide street frontage of 12.19m and flexible Commercial 1 zoning.Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
Kombi said the campaign also generated enquiry from investors who were looking to collect the solid income stream while using the property as a landbank opportunity.Previous ArticleNext Article
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