Main Road EAST
ST ALBANS
320 MAIN ROAD EAST
I’m a mouthwatering in a dynamic precinct.
investment
Main Road EAST ST ALBANS
320 MAIN ROAD EAST
Aston are pleased to present 320 Main Road East, St Albans for sale by Public Auction on Friday 16th August 2024 at 12 noon, on-site. Leased to one of St Albans most popular and long-standing Vietnamese restaurants in Tra Vinh, the property benefits from a brand new five (5) year lease which commences on 1st October 2024. This freehold investment is located in the heart of the dynamic and vibrant St Albans retail precinct and benefits from strong support of the local community, making this a retail destination like very few found throughout Metro Melbourne. A mouthwatering investment like no other.
220 m2*
LAND AREA:
233 m2*
BUILDING AREA: 10% deposit with the balance payable in 30/60 days TERMS OF SALE
CAR PARKING
Ample nearby public car parking
ZONING
Commercial 1
Zoning (C1Z) BUY ME.
Auction Friday 16th August at 12pm on-site
NEW 5 YEAR LEASE.
Tra Vinh has established itself as one of the premier eateries within the popular St Albans retail precinct. Having occupied the property for over 15 years, Tra Vinh have shown their commitment to the location by recently signing a brand new 5 year lease which commences on 1st October 2024. Offering delicious and authentic Vietnamese cuisine, the restaurant is extremely popular amongst the local community and the business is often full on most days of the week come lunch and dinner.
TENANT BUSINESS NAME
ANNUAL RENTAL
Tra Vinh
$75,000 + GST + Outgoings*
LEASE TERM Five (5) Years
COMMENCEMENT 1st October 2024
OPTIONS 1 x 5 year
RENT REVIEWS CPI annual increases
*approx
I’M TASTY. LONG-TERM ESTABLISHED
3021 ST ALBANS
St. Albans is a vibrant and diverse suburb located 17km north-west of the Melbourne CBD. Known for its rich, cultural tapestry and strong sense of community, St Albans is home to a range of amenities including bustling markets, authentic eateries and an abundance of diverse shopping options. One of St Albans key advantages is its excellent connectivity. The suburb is well serviced by public transportation including train and bus services allowing for easy commuting to the CBD as well as other parts of Metropolitan Melbourne. St Albans boasts a diverse and multicultural population, fostering an inclusive and welcoming environment and is highlighted by the bustling Alfrieda Street retail strip, which offers a pulsating mix of shops and restaurants and is home to a number of nationally recognized retailers.
3,002 9,789
2,871
2,798
$1,134
DIRECTLY OPPOSITE:
WELL SERVICED BY:
TRAIN BUSES
I’M DELICIOUS. PREMIUM HOSPITALITY INVESTMENT.
The property is outlined on the certificate of title as follows. Volume: 8225 Folio: 620
BUILDING DETAILS
A modernised single brick level building that comprises predominantly a restaurant and rear portion as a kitchen, storage and amenities.
There is full air-conditioning and a flexibile layout that will provide many alternative options in years to come.
FLOOR PLAN.
BUILDING AREA:
220 m2*
WHAT, WHEN & HOW?
For Sale by Auction Friday 16th August at 12pm on-site
Terms: 10% deposit with the balance payable in 30/60 days
Payment of Deposit Options:
1. Cheque – Personal or Bank payable to Aston Commercial Sales Trust Account
2. Macquarie Direct Debit Pay via secure portal link
DISCLAIMER
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.
*Approximate