High on Growth and Potential!

EOI - 680 High Street, Thornbury, VIC 3071

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

Overview

Property ID: 16198
Price: Contact Agent
Rent: $79,834.09 (ex. GST)
Building: 315m²
Land: 576m²
Zoning: Commercial 1 Zone
EOI
28/04/2020 03:00 PM
Add to Calendar 28/04/2020 03:00 PM 28/04/2020 03:00 PM Australia/Melbourne EOI - 680 High Street, Thornbury, VIC 3071 High on Growth and Potential! Craig McKellar craig.mckellar@cva.melbourne false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

Landmark future development opportunity, 680 High Street, Thornbury is within a vibrant city fringe northern suburb, and available for sale via Expressions of Interest Closing Tuesday 28th April 2020 at 3pm.

This unique future residential or commercial development (STCA) offers generous street frontage of 18 metres* to High Street and 32 metres* to Raleigh Road plus a rear lane way providing vehicle parking and access.

This former bank building comprises a two level brick building of 315m2* on a total landholding of 576m2*. The property benefits from a dual tenancy including the Commonwealth Bank of Australia ATM and Women's Health in the North Inc. with a combined rental income of $79,834.09 per annum.

The Property
- Two level brick building area of 315m2*
- Total land area 576m2*
- 18 metre* frontage to High Street
- 32 metre* frontage to Raleigh Road
- 18 metre frontage to Rear access lane way

The Income
- Tenant One: Women's Health in the North Inc
- Commencement Date: 1st July 2017
- Term: Three (3) years + further option of Three (3) years (option exercised)
- Rent: $72,334.09 p.a. plus GST*
- Reviews: annual 3%

- Tenant Two: Commonwealth Bank of Australia - ATM
- Commencement date: 1st March 2019
- Term: Two (2) years
- Rent: $7,500.00 p.a. plus GST*

The Opportunity
- Commercial 1 zoning
- Neighbouring residential developments range between 5 - 8 levels*
- Close proximity to public transport - 600 metres * to Thornbury Train station & the 86 Tram at your doorstep
- Public services including Thornbury early learning centre, Penders Park, Henderson Park, Sir Nicholls Sporting Complex and schools within walking distance.

For further information please contact CVA Property Consultants.

*Approx.
Pricing excludes GST

Additional Info

Features
Occupancy Tenanted: Refer to Tenancy Schedule
Suitable Development Mixed Use
Permits Issued No
Availability Upon settlement
Lease Term Refer to Tenancy Schedule
Rent Review Refer to Tenancy Schedule
Commenced Refer to Tenancy Schedule
Bonds / Guarantees Refer to Tenancy Schedule
Car Spaces on-site at rear
Car Parking Fees N/A
Outgoings
Outgoings Payable By Lessee
Water Rates To be advised
Owners Corp. / Insurance To be advised
Other Charges N/A
Council Rates No Rates charged (tenant is non for profit)
Land Tax N/A

Agent Details

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