• Secured long-term lease to an established operator

• 7-year lease with a further 7-year option

• Prime Bayside Freehold Retail Asset

• Dual-income stream via core tenancy and rooftop billboard

Our client successfully acquired a prime mixed-use freehold retail asset in one of Melbourne’s most established and tightly held bayside corridors. The property is secured under a long-term lease arrangement with a renewed 7-year term commencing in April 2022, plus an additional 7-year option, ensuring excellent rental stability. Further enhancing the asset’s cash flow is a secondary income stream via a separate rooftop signage license agreement.

Generating a reliable net income of $113,877 per annum (plus GST), this acquisition delivers strong, immediate continuity as a going concern. While the transaction required thorough due diligence regarding building condition and localized planning permits, the property ultimately offers our client a resilient, dual-income retail investment heavily supported by premium long-term land value in a blue-chip metropolitan catchment.