Modern University Hill Office Investment- Circa 6.0%

Sale Details

Sold on 11 Dec 2018 for $955,000

Description

High quality light-filled corner office suite situated on the third floor of this modern architecturally designed building located in the highly sought after master-planned University Hill precinct. Offering a return circa 6.0%.
The property has recently been leased to the Burgess Group. The Burgess Group is a fifth generation family business. Through more recent generations the family business successfully diversified its interests into other areas including Agriculture, Printing and Packaging and Property. This strong local company has just relocated its head office to Bundoora.


- Lease commencing 25th August 2017
- Current rental $67,275.00 per annum + GST
- Tenant pays outgoings
- Fully fitted office suit of 277m2*
- 5 separate offices
- Board room
- Large open plan office area
- Suspended ceilings with recessed lighting
- Reverse cycle air conditioning
- Own kitchenette
- 9 car spaces

The adjacent vibrant 7-day cosmopolitan shopping precinct is reminiscent of Melbourne's most famous shopping streets, with tree-lined walkways, cafés, restaurants and speciality retail choices - now including over 100 brands in the Uni Hill Factory Outlets centre. Complementing this are Coles, car dealerships including BMW and Honda, as well as many other national and international brand names.

The University Hill Town Centre offers an array of food choices - from fresh baked bread and pastries to delicious Deli morsels.

Inspect and submit your offer today.

* approx.