Fantastic Low Entry Investment!

Sold - 2.18/203-205 Blackburn Road, Mount Waverley

Investment opportunity, Offices

Sale Details

Sold on 05 Dec 2019 for $300,000

Building Area 45m²
Rate $6,667 per m²
Yield: 6.16%

Overview

Sale History ID: 32426
Property ID: 15720
Advertised Price: $300,000

Description


This brilliant investment opportunity located at Suite 2.18, 203-205 Blackburn Road, Mount Waverley is offered for private sale with a brand new lease in place.

Key Investment Features:
- Income $18,500 (Gross) plus GST
- Leased to Esther Tan Lawyers.
- 3 year lease commenced 11th November 2019
- 2 further 3 year options.
- Fixed 3% annual rental reviews, Market review at options
- $5,087.50 security bond and personal guarantee

A light filled open plan office situated in a brilliant building comprising carpet throughout, reverse cycle air conditioning, and access to amenities and kitchen. Additional features include onsite basement car parking with two allocated car spaces, storage cage and serviced communal reception (if required).

Convenient location within walking distance to Syndal Train Station, bus services passing by and a vibrant shopping strip just across the road makes this a great package for the astute investor.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyEsther Tan Lawyers
Lease Term3 Years Plus 2 Further Terms Of 3 Years
Commenced11th November July 2019
Rent Review3% annual, market at review
Bond/Guarantees$5,087.50 plus personal guarantee
Outgoings PayablePayable by Landlord
Age11 years
Air ConditionerSplit System
Availability30-60 days
Car Parking FeesIncluded in rental
Car Spaces2 basement car spaces and storage cage
ConditionVery Good
FloorsCarpet
LiftsYes
Roller DoorsN/A
Wheel Chair Accessyes
ZoningCommercial 2
Outgoings
Owners’ Corporation$2,410.00
Council Rates$756.00
Water Rates$341.00
Agent Details
CVA Property Consultants - Stan Dawidowski

Stan Dawidowski

M | 0400 448 755
T | (03) 9623 2556
E | [email protected]

CVA Property Consultants - Jarrod Moran

Jarrod Moran

M | 0413 251 621
T | (03) 9623 2589
E | [email protected]