A Fit And Healthy Yield!!

Sold - 15/75-85 Elm Park Drive, Hoppers Crossing

Investment opportunity, Industrial

Sale Details

Sold on 24 Jan 2017 for $730,000

Building Area 572m²
Rate $1,276 per m²
Yield: 7.18%
Comments: Investor purchased the property

Overview

Sale History ID: 27941
Property ID: 13156
Advertised Price: $730,000

Description

An excellent opportunity exists to secure this quality investment located in a highly sort after precinct of Hoppers Crossing.

The property is currently leased to an established business, Skyeli Boxing (Hoppers Crossing) Pty Ltd on a term of five (5) years with two further terms of five (5) years which commenced on August 1st, 2013 and currently returns $52,450.90 plus GST and outgoings.

Recognised franchise Boxing Fit has occupied the premises since 2006 and provides boxing for fitness, personal training and weight loss programs. Boxing Fit are currently located at Hoppers Crossing and Port Melbourne.

The property is nestled amongst some of Melbourne's newest and fastest growing suburbs, conveniently located close to all local amenities with immediate and direct access to Old Geelong Road and the West Gate Freeway.

The property features:

- Excellent amenities
- Change rooms
- Shower facilities
- High clearance warehouse
- Offices/store rooms
- 1st floor open mezzanine area
- Three phase power supply
- Container height roller door access
- Ample onsite parking


*approx

Additional Info
Features
TenancySkyeli Boxing(Hoppers Crossing) Pty Ltd
Lease TermFive (5) years + Five (5) years + Five (5) years
Commenced1 August 2013
Rent Review3% Annually
Bond/Guarantees$19,232.05 and Director's guarantee
Outgoings PayableTenant
Car SpacesComplex car parking
ZoningIndustrial 3
Outgoings
Agent Details
CVA Property Consultants - Robert Cubelic

Robert Cubelic

M | 0422 411 597
T | (03) 9623 2564
E | [email protected]