A Sustainable Investment

For Sale – Leased Investment - 3/1-3 Belgium Avenue, Richmond

Investment opportunity, Offices

Overview
Property ID: 19308
Price: Contact Agent
Rent: $52,952 (ex. GST)
Building: 192m²
Zoning: Commercial 2 zoning
Description

POINT OF INTEREST:
Not many other suburbs can claim it, but every Melburnian has visited Richmond at least once in their life — typically for either an appointment, an oversized parma, or on their way to the MCG. So this prized investment will give you more bang for your buck in popularity alone. Located within the western end of Melbourne’s favoured suburb for business mixing with pleasure, you’re buying into 192 sqm* of building that’s strata titled. The tenant - Clean Technology Partners - is well-established here and within their industry, evident by the fact they’re also occupying the property next door. The current lease brings in$52,951.50 of annual income (plus outgoings as per the lease), with a further two (2) year term available to the tenant from April 2023. This asset is primed for office use thanks to the versatile layout, with more comforting inclusions like heating and cooling, polished concrete flooring, kitchen and shower amenities, and two designated car parks. Hotly anticipated developments are littered around this investment — like Richmond Quarter, 45 Vere Street, and The Ternary on Bromham Place — drumming up regular publicity and buzz from residents and investors alike. The Epworth medical precinct sits within 500 m* and draws in a more serious crowd, while the banh mi strip on Church Street attracts a hungrier one — and every form of public transport is within arm’s reach. Convenience from Bridge Road’s retail strip means just an eight-minute walk to Coles, while Hoddle Street is only 500 m* away too.

- 192 sqm* building area, strata titled.
- Returning $52,951.50 per annum plus GST plus outgoings (as per lease)
- Commercial 2 zoning.
- 2 car parks on site.
- Air-conditioning and heating throughout.
- Kitchen and shower amenities included.
- 500 m* from Hoddle Street.
- 500 m* from West Richmond railway station.
- 210 m* from the trams on Church Street.
- 3 km* from Melbourne CBD.

POINT OF VIEW:
The tenant has taken a big picture view and is looking out for all of our futures, so you can focus on renewing your portfolio and investing in your future.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyClean Technology Partners Pty Ltd
Lease TermTwo (2) years + Two (2) years
Commenced08/04/2021
Rent ReviewAnnual 2.5%
Bond/Guarantees$36,970.59
Outgoings PayableBy tenant as per lease
Air ConditionerAirconditioning and heating throughout
AvailabilitySubject to a lease
Car Parking FeesN/A
Car Spaces2 car parks on site
ConditionVery Good
FloorsConcrete / Carpet
Height2.7m * - 3m* (approx)
LiftsNo
Roller DoorsGlass tilt door (manual)
Wheel Chair AccessTo ground floor
ZoningCommercial 2 zoning
Outgoings
Owners’ Corporation$3,258.00pa (approx)
Council Rates$2,394.06pa (approx)
Water Rates$1,012.25pa (approx)
Land Tax$1,023.63pa (approx)(single holding basis)
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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