Brand New Richmond Investment

For Sale – Leased Investment - 5/45 Vere Street, Richmond

Investment opportunity, Offices

Property ID: 19030
Price: Contact Agent
Rent: $81,000 (ex. GST)
Building: 223m²
Zoning: Commercial 2 Zoning

A prime city fringe location, a brand new office building, plenty of natural light and ventilation, on-site parking, and only minutes from public transport. These are the reasons that the tenant - Dugan & O'Sullivan - made a commitment to move out of the CBD and into Richmond's best new strata office estate at 45 Vere Street. Providing annual income of $81,000 per annum net, with significant depreciation benefits applicable, this investment opportunity in Richmond is one that's often asked about, but seldom found. The building itself provides 222.7sqm of gross area, which includes ground floor work areas, amenities and secure garage parking, with the first and second floors providing light-filled open plan work areas, kitchen, balcony and breakout space. 45 Vere Street is surrounded by a range of public transport options including West Richmond train station, and Victoria Street, Church Street and Bridge Road tram routes within easy walking distance.

- $81,000 per annum rental income + outgoings per lease.
- Three (3) year initial term with further three (3) year option.
- Significant depreciation benefits.
- 223sqm* gross building area
- Secure garage parking for 2 vehicles.
- Minutes from Church Street tram routes and West Richmond train station
- Abundance of natural light & ventilation
- Level 2 balcony/terrace with CBD views

Pricing excludes GST

Additional Info
TenancyDugan & O'Sullivan Pty Ltd
Lease TermThree (3) Years
Commenced01 March 2022
Rent ReviewAnnual 4%, market at option.
Bond/GuaranteesSecurity bond equivalent to 3 months rent
Outgoings PayablePayable by tenant as per lease
AgeBrand New (2022)
Air ConditionerDucted, reverse cycle
Car Parking FeesN/A
Car SpacesTwo (2) secure garage car spaces on title
Height2.5m (approx)
Roller DoorsYes
Wheel Chair AccessTo ground floor
ZoningCommercial 2 Zoning
Owners’ Corporation$5,456pa (approx)
Council Rates$4,000pa (approx)
Water Rates$250pa (approx)(excl. usage)
Fire Service Levyincluded in council rates figure
Other ChargesAir-con maintenance - $1,000pa (approx)
Agent Details
CVA Property Consultants - Ryan Milivojac

Ryan Milivojac

M | 0409 481 471
T | (03) 9623 2566
E | [email protected]

CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]

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