Bayside Investment With Upside !

EOI - 8 Railway Parade, Highett, VIC 3190

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

Overview

Property ID: 16131
Price: Contact Agent
Building: 182m²
Land: 347m²
Zoning: Commercial 1 Zone
EOI
08/04/2020 03:00 PM
Add to Calendar 08/04/2020 03:00 PM 08/04/2020 03:00 PM Australia/Melbourne EOI - 8 Railway Parade, Highett, VIC 3190 Bayside Investment With Upside ! Daniel Philip daniel.philip@cva.melbourne false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

This excellent freehold investment ideally positioned in the heart of Highett and leased to a renowned tenant is offered for sale via Expressions of Interest closing on Wednesday 8th April 2020 at 3pm.

A prominent freehold investment situated on 347m2* of land with current improvements totaling 182m2* and featuring an 8.45 metre double frontage to Railway Parade.
Additional noteworthy features include valuable rear lane access, excess land, onsite car spaces and rear storage shed.

Positioned 16km* south-east of Melbourne’s central business district and 2km* from Port Phillip Bay, the property is surrounded by small and major retailers and multiple new high rise residential apartment buildings.
Situated directly opposite the Highett Train Station providing exceptional accessibility.

Leased to the renowned Hallmarc Group and providing a strong rental return of $68,000.00 per annum net.

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

*Approx.
Pricing excludes GST

Additional Info

Features
Occupancy Tenanted: Hallmarc Pty Ltd
Suitable Development Residential / Mixed Use
Permits Issued Nil
Availability 30/60/90 Days
Lease Term Three (3) years
Rent Review 3% annual increases
Commenced 1st September 2019
Bonds / Guarantees $18,700.00
Car Spaces Onsite
Car Parking Fees N/A
Outgoings
Outgoings Payable Payable by tenant per lease
Water Rates N/A
Owners Corp. / Insurance N/A
Other Charges N/A
Council Rates N/A
Land Tax N/A

Agent Details

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