Investment Opportunity - Medical

Sold - 2/18 Sherbourne Road, Briar Hill

Investment opportunity, Offices

Sale Details

Sold on 28 Nov 2017 for $725,000

Building Area 240m²
Rate $3,021 per m²
Yield: 5.93%

Overview

Sale History ID: 28531
Property ID: 13485
Advertised Price: $725,000

Description

This well located office suite is leased to the Briar Hill Family Medical Centre for a term of three years with an option for a further three years. The property boasts and wide array of sought-after features including prominent ground floor position, fully partitioned layout, off street parking and much more.

- 3 + 3 year lease commencing January 2017
- Current net rent is a healthy $43,000pa
- Annual rental increases
- Tenant pays outgoings
- Ground floor position
- Total building area 240m2*
- Partitioned offices
- Open plan office area
- Communications room
- Male, female and disabled toilets
- 7 onsite car spaces
- Alarm system
- Ducted air conditioning
- Kitchen, lunchroom and disabled toilet facilities
- Rear bi-fold goods access door


* approx.

Additional Info
Features
TenancyBriar Hill Family Medical Centre
Lease Term3 years with an option for a further 3 years
Commenced23 January 2017
Rent Review4% Annually
Bond/Guarantees$11,825
Outgoings PayableBy tenant
Car Spaces7
Wheel Chair AccessYes
ZoningCommercial 2
Outgoings
Agent Details
CVA Property Consultants - John Star

John Star

T | (03) 9623 2582
E | [email protected]