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Sale Details

Sold on 14 Nov 2019 for $1,100,000

Description

An excellent opportunity to secure a quality investment is now available for private sale.

This modern office warehouse commands attention with its impressive reception, fully air-conditioned two level office with a mix of open plan spaces and glass partitioned offices. The property encompasses a fully fitted bar, dining and entertaining area, as well as excellent staff amenities and container height RSD providing access to a secure garage/storage area.

Located within the tightly held Wyndham Gate Commercial Centre, this landmark development is arguably one of the best business estates positioned in one of Melbourne's most rapid growth corridors. The property boasts convenient access to Palmers Road, Princes Freeway and associated western arterials as well as Williams Landing Train Station.

Property Features Include:


- Total building area: 340m2*
- Two level office of 312m2*
- High clearance storage area of 28m2*

- Four (4) car spaces on title
- Three phase power available

Investment summary:


- Business established in 2010 operating from the premises for the past six (6) years
- Terms: Five (5) years with Two (2) further terms of Three (3) years each
- Rental $55,000 pa plus outgoings & GST
- 3.5% annual increases with market review
- Security bank guarantee equivalent to 6 months rental
- Director and personal guarantees


The property is currently tenanted by AR Property Investments Pty Ltd, a successful and well established Real Estate agency providing unique and professional services around property investment and management.

Clickhere to view tenant website

For further information or to arrange an inspection, please contact CVA Property Consultants.

*Approx.
Pricing excludes GST