Freehold Investment
Sold - 705 Whitehorse Road, Mont Albert
Investment opportunity, Retail, Offices
Sale Details
Sold on 06 Dec 2013 for $650,000
| Building Area | 154m² |
|---|---|
| Rate | $4,221 per m² |
| Yield: | 5.04% |
| Land Area | 248m² |
|---|---|
| Rate | $2,621 per m² |
| Comments: | sold prior to auction |
Overview
| Sale History ID: | 21616 |
|---|---|
| Property ID: | 9060 |
| Advertised Price: | $650,000 |
|---|
Description
Retail freehold positioned on busy Whitehorse Road.
The property currently operates as Fizz Kidz and is leased on a term of five (5) + five (5) + five (5) years, returning $32,781.72 per annum plus outgoings.
The entry of the building leads in to a generous reception area with the reminder of the building comprising two adjoining party rooms, third party room and amenities with shower.
Keys attributes include;
- 4 onsite car spaces (approx)
- Rear right of way access
- Future development potential (STPA)
- Short tram ride to Centro Box Hill
Enquire today.
Additional Info
| Features |
|---|
| Tenancy | Netta Lang & Nir Lang ATF The N Lang Trust T/A Fizz Kidz |
|---|---|
| Lease Term | Five (5) + five (5) + five (5) years |
| Commenced | 9th March 2010 |
| Rent Review | Fixed 3% |
| Outgoings Payable | Outgoings payable by tenant per lease |
| Car Spaces | 4 onsite car spaces (approx) |
| Zoning | Mixed Use Zone (MUZ) |
| Outgoings |
|---|
Agent Details
Ian Angelico
M | 0418 336 088
T | (03) 9623 2578
E | [email protected]