AUCTION - Corporate Office Investment - $400,000 plus

Sold - 25/328 Reserve Road, Cheltenham

Investment opportunity, Offices

Sale Details

Sold on 27 Oct 2014 for $425,000

Building Area 102m²
Rate $4,179 per m²
Yield: 6.94%

Overview

Sale History ID: 22942
Property ID: 9719
Advertised Price: $425,000

Description

CVA Property Consultants are delighted to offer you the opportunity to secure this outstanding individual two level office building located within the prestigious Hallmarc Business Park Bayside.

The property is currently leased to Burton Australia Pty Ltd, on a new 3 (three) + 3 (three) year lease and returns $29,500 per annum net.

Features of this premium two level office include high quality fitout, male and female amenities, kitchenette, large windows allowing for excellent natural light and 3 allocated on site car parking spaces.

Burton Snowboards, the world’s first snowboarding factory, is a rider driven company solely dedicated to creating the best snowboarding equipment on the planet. Burton’s passion is snowboarding and is evident by their commitment to involve riders in every step of the product development process. For more information, please visit http://au.burton.com

Hallmarc Buisness Park Bayside is ideally located close to Nepean Highway, Westfield Southland Shopping Centre, Golf Courses, Sandringham Yacht Club, Cheltenham Railway Station and Sandringham Railway Station.
Tax effective depreciation benefits apply.

Additional Info
Features
TenancyBurton Australia Pty Ltd
Lease TermThree (3) Years + Three (3) Years
Commenced1st July 2014
Rent ReviewAnnual 4%
Bond/Guarantees$10,816.67
Outgoings PayableAll payable by tenant
Car SpacesThree Carspaces
ZoningCommercial
Outgoings
Agent Details
CVA Property Consultants - Charles Cini

Charles Cini

M | 0411 423 389
T | (03) 9623 2555
E | [email protected]

CVA Property Consultants - John Nockles

John Nockles

M | 0404 530 393
T | (03) 9623 2591
E | [email protected]