Property Details

67 Fraser Street, Clunes, VIC 3370
Property ID 6732857
Price Undisclosed
Property Type Retail
Land Size 466 m2
Building Size 250 m2

Huge 250 square metres of retail space on a 466m2 plot

The phone enquiry code for this property is – 3173

Built in around 1926, the old Central Garage, currently the Timmermans showroom, is an iconic building on the Clunes streetscape. Well positioned, the building offers a large, open plan flexible space which would be suitable for a variety of endeavours.

• Huge 250 square metres of retail space on a 466m2 plot
• Three car parks (with parking reduction permission from council)
• Zone commercial 1
• 3 phase power (connected in 2016-17 when new wiring was installed).
• Hoist
• Revamped restroom with new toilet & sink
• New concrete skin floor inside the building
• Septic
• NBN node next to building
• Tanks decommissioned in accordance with EPA guidelines
• Iconic building: featured in Mad Max & Yellow Pages ad

The current lease at $150 per week plus all outgoings (Covid friendly terms) ends on 20 December 2021. Indications so far from Real Estate Agents are that moving forward rental income of $450 and upwards per week could be asked. This is closer to 4.5% annual return.

The return % pa listed below is 2%. The actual number is currently 1.5%. Two percent is the closest number the form would allow me to select.

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Property Tools

67 Fraser Street

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