Keep Fit With This Investment !!

Sold - 15/75-85 Elm Park Drive, Hoppers Crossing

Investment opportunity, Industrial

Sale Details

Sold on 06 Nov 2013 for $585,000

Building Area 572m²
Rate $1,023 per m²
Yield: 8.20%
Comments: Sold to interstate investor

Overview

Sale History ID: 21076
Property ID: 8832
Advertised Price: $585,000

Description

Fit Investment!

An excellent opportunity exists to secure a quality investment located in a highly sort after precinct of Hoppers Crossing. Units 15 & 16 are adjoining buildings and can be sold as a whole or individually.

The property is currently leased to an established business, Boxing Fit Pty Ltd on a term of Five (5) years + Five (5) years + Five (5) years which commenced on August 1st, 2013 and returns $48,000.00 plus GST and outgoings.

Recognised franchise Boxing Fit has occupied the premises since 2006 and provides boxing for fitness, personal training and weight loss programs.

Boxing Fit are currently located at Hoppers Crossing, Port Melbourne, High Point and Craigieburn.

The property is nestled amongst some of Melbourne's newest and fastest growing suburbs, conveniently located close to all local amenities with immediate and direct access to Old Geelong Road and the West Gate Freeway.

The property features;

• Excellent amenities
• Change rooms
• Shower facilities
• High clearance warehouse
• Offices/store rooms
• 1st floor Open Mezzanine area
• Three phase power supply
• Container height roller door access
• Ample onsite parking

Additional Info
Features
TenancyBoxing Fit Pty Ltd
Lease TermFive (5) Years + Five (5) years +Five (5) years
Commenced1st August 2013
Rent Review3%
Bond/Guarantees$13,200.00 and Director's guarantee
Outgoings PayableTenant
Car SpacesComplex car parking
ZoningIndustrial 3
Outgoings
Agent Details
CVA Property Consultants - Robert Cubelic

Robert Cubelic

M | 0422 411 597
T | (03) 9623 2564
E | [email protected]