Make Your Money Work For You!

Sold - 11/21 Howleys Road, Notting Hill

Investment opportunity, Industrial

Sale Details

Sold on 29 Jun 2015

Building Area 335m²

Overview

Sale History ID: 23725
Property ID: 10114
Advertised Price: Contact Agent

Description

Modern Commercial Investment Opportunity.

Whether you are seeking a property for your self managed superannuation fund (SMSF) or wanting to diversify your portfolio, this excellent opportunity offers generous rental income and future capital growth.

The building itself features a light filled north facing, two level office/showroom component with a high clearance warehouse. The office incorporates air-conditioning throughout, reception, showroom, boardroom, individual offices, existing partitioning, kitchenette, and male and female amenities. The warehouse is clear-span with a motorized container height roller door.

The property's location is within close proximity to the Monash Freeway, Blackburn Road, Forster Road, and other major thoroughfares including Ferntree Gully Road, and Princes Highway, providing convenient access to the entire South East region. Well known neighbors include Musashi, 7 Eleven HQ, Subway, Nandos, Olympus, Bunning's Notting Hill, Monash University and many more.

The tenant Espee Accountants Pty Ltd website: www.espeeaccountants.com.au and Makray Homes Pty Ltd website: www.makrayhomes.com.au have occupied the premises for a number of years and recently entered into a new three (3) year + three (3) year lease, returning $45,000 per annum net plus outgoings plus GST, with annual increases.

For more information or to arrange an inspection please do not hesitate to contact CVA Property Consultants today.

Additional Info
Features
TenancyEspee Accountants Pty Ltd and Makray Homes Pty Ltd
Lease TermThree (3) x Three (3) years
Commenced23rd of May 2015
Rent ReviewFixed annual increases of 3%, Market value at the option
Bond/GuaranteesBank Guarantee for 3 months
Outgoings PayableOutgoings payable by tenant per Lease agreement
Car Spaces5
ZoningSpecial Use Zone (SUZ6)
Outgoings
Agent Details
CVA Property Consultants - John Nockles

John Nockles

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

CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]