A prime retail premises located in Warrandyte’s popular Goldfields Shopping Centre has been subdivided and leased to three new retailers including a take away, gift store and yoga studio.
After consultation with GK, the 171sqm premises previously operating as an Italian Restaurant was divided into three separate tenancies of 57sqm each.
Following subdivision and a beautiful renovation the shops were quickly leased and the Landlord’s average rental return has increased to a strong rate of $365/sqm net (up from $320/sqm net).
GK’s specialist Retail Sales & Leasing team are proud to have achieved this outcome for our valued client. Please feel free to contact me to discuss how GK could assist you with your property management, sales or leasing needs.