Collingwood Commercial Investment With Strong Covenant.

EOI – Leased Investment - Suite 1/65 Oxford Street, Collingwood

Investment opportunity, Offices

Overview

Property ID: 17491
Price: Contact Agent
Rent: $92,179 (ex. GST)
Building: 196m²
Zoning: Mixed Use Zone
EOI
18/03/2021 03:00 PM
Add to Calendar 18/03/2021 03:00 PM 18/03/2021 03:00 PM Australia/Melbourne EOI – Leased Investment - Suite 1/65 Oxford Street, Collingwood Collingwood Commercial Investment With Strong Covenant. Leo Mancino leo.mancino@cva.melbourne false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

POINT OF INTEREST:

Comprising exceptional street frontage and exposure, newly renovated kitchen and amenities, and secure on title car parking, this ground floor office is leased to long-standing tenant Subway Developments Pty Ltd since 2005.

Leased to Subway Developments Pty Ltd
Lease terms: Four (4) Years plus Three (3) plus Three (3) Years
Annual rent $85,000.00 plus GST and Outgoings
Commencement Date: 1st August 2020
Rent Reviews: Fixed at 3% Annually with market reviews between lease terms
Security Deposit: Limited Liability of up to $40,000 from Subway Enterprises Pty Ltd

Leased to Telstra
Lease terms: Five (5) Years
Commencement Date: 17th June 2020
Annual rent $7,179.18 plus GST

Total annual income $92,179.18. plus GST and Outgoings

Solid ground floor office of: 196m2*
Street Frontage and exposure
Mixed Use Zone
Renovated Kitchen and amenities
Partitioned Offices
Six (6) Secure Car Spaces on title

POINT OF VIEW:

The property is conveniently located in the heart of Collingwood's rapidly evolving business and retail precinct, with Smith, Gertrude & Brunswick Street all at your doorstep. The property is within walking distance to a plethora of cafes, restaurants and Coles and Woolworths supermarkets. Furthermore, the property is bounded by major thoroughfares such as Victoria Parade, Hoddle & Nicholson Streets, and is within close proximity to many of Melbourne’s well known hospitals including Freemasons, St Vincent's, the Royal Victorian Eye & Ear and the Epworth.

*Approx.
Pricing excludes GST

Additional Info

Features
TenancySubway Enterprises Pty Ltd
Lease TermFour (4) Years plus Three (3) plus Three (3) Years
CommencedNovember 2020
Rent ReviewFixed at 3% Annually with market reviews between lease terms
Bond/GuaranteesLimited Liability of $40,000 from Subway Enterprises Pty Ltd
Outgoings PayableBy the tenant
AvailabilityNegotiable
Car Parking FeesNil
Car SpacesSix secure car parks on title
ConditionVery Good
Roller DoorsN/A
ZoningMixed Use Zone
Outgoings

Agent Details

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