Double Fronted Freehold Investment !

For Sale - 8 Railway Parade, Highett

Investment opportunity, Development/Land (Residential, Offices, Retail, Medical), Offices, Retail, Showroom

Overview

Property ID: 16131
Price: Contact Agent
Rent: $68,000 (ex. GST)
Building: 182m²
Land: 347m²
Zoning: Commercial 1 Zone

Description

An excellent freehold investment property perfectly positioned in the heart of Highett.
Situated on 347m2* of Commercial 1 Zoned land with current improvements totaling 182m2* and featuring an impressive 8.45 metre double frontage.
Additional noteworthy features include valuable rear lane access, excess rear land, onsite car spaces and rear storage shed.

Leased to the renowned Hallmarc Development Group who occupies the property as a commercial office / showroom providing a strong rental return of $68,000.00 per annum net on a three (3) year lease term.

Located 2km* from the Port Phillip Bay, the property is surrounded by numerous small and major retailers and multiple new high rise residential apartment buildings which supports the strong influx of residents in the Highett region.
Also situated directly opposite the Highett Train Station providing exceptional accessibility.

Investment Summary:
- Tenant: Hallmarc Group
- Rental: $68,000.00 p.a net
- Lease term: Three (3) years
- Commencement date: 1st September 2019
- Land area: 347m2*
- Building area: 182m2*
- Rear lane access & rear storage shed
- Valuable future development potential
- Directly opposite Highett Train Station

*Approx.
Pricing excludes GST

Additional Info

Features
TenancyHallmarc Pty Ltd
Lease TermThree (3) years
Commenced1st September 2019
Rent Review3% annual increases
Bond/Guarantees$18,700.00
Outgoings PayablePayable by tenant per lease
Availability30/60/90 Days
Car SpacesOnsite
Permits IssuedNil
Suitable DevelopmentResidential / Mixed Use
Wheel Chair AccessYes
ZoningCommercial 1 Zone
Outgoings

Agent Details

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