Invest or Occupy! Flexible Office Over Two Tenancies!

Sale Details

Sold on 28 Sep 2016 for $1,500,000

Description

A rare opportunity to purchase a flexible real estate investment with the diversity of two (2) separate income streams or occupy the remaining 200m2* vacant tenancy. The choice is all yours.

Situated in the prime position at the front of the well known Compark Circuit commercial estate, facing Wellington Road, this outstanding first floor office premises totalling 400m2* features two (2) completely independent tenancies of 200m2* each with their own individual amenities and access on the one title.

Both tenancies provide fantastic natural light from three sides with floor to ceiling windows, extensive partitioned and open plans layouts, ducted air-conditioning and heating, male and female amenities and kitchenettes in both tenancies and an impressive ground floor foyer with a tiled staircase and stainless steel balustrade leading to the suite. Further enhancing the property are 15 onsite car spaces plus a thriving onsite café within the development.

Suite 3:
- Vacant Possession to be leased individually or sold with Tenancy 4
- Total office area: 200m2*
- Asking rental of $60,000 pa net

Suite 4:
- Leased to Elite Staffing Solutions Pty Ltd
- 6 + 5 year lease (3 remaining years on first term)
- Rental return: $61,867.52 pa net as of October 2016
- 4% annual increases
- Security bond: $20,000
- Total office area: 200m2*

Total potential rental return of $121,500 pa* net circa 7% + yield!

Join Mulgrave's renowned commercial business precinct and be surrounded by quality and international tenants such as CAT, Peters Ice Cream, Mazda, Johnson & Johnson, Samsonite Australia and BMW to name a few. The subject property is located less than 22kms* from the CBD near the intersection of Wellington and Springvale Road, with easy access to main arterial roadways such as Blackburn Road, Princess Highway and the Monash Freeway. It is also positioned near numerous public transport options.


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