AN AUTOMATIC SOURCE OF INCOME.

Sold - 101-109 Burwood Highway, Burwood

Investment opportunity, Development/Land (Offices, Showroom, Residential, Medical, Retail, Hotel/Leisure), Offices, Industri

Sale Details

Sold on 30 Mar 2021

Building Area 2639m²
Yield: 5.06%
Land Area 3928m²

Overview

Sale History ID: 36017
Property ID: 18397
Advertised Price: Contact Agent

Description

POINT OF INTEREST:

Positioned along one of the busiest main roads in the east, this automotive showroom and service centre, currently home to Burwood Nissan, is a prime investment opportunity.

For Sale via Expressions of Interest (EOI) Closing Thursday 25th March at 2pm

Spread across just under one acre of land, the building itself is approximately 2,639 sqm* and offers vast exposure on the corner of Burwood Highway and Edwards Street. Heating and cooling throughout and ample carparks at the rear of the property, gives this property all that’s currently required. Alternatively, this mixed-use zoning site has the opportunity for a multi-level development in the future.

With trams running along Burwood Highway, linking nearby Deakin University, the newly built Brickworks Shopping Centre and the already established infrastructure nearby, this building is in an ideal location and will be for years and decades to come.

- Building area of 2,639 sqm*.
- Land area of 3,928 sqm*.
- Current rental income of $552,000 p.a. net.
- Lease term of three (3) years and a further five (5) terms of three (3) years.
- National tenant Autopact Group operating as Burwood Nissan.
- Over 110 m of combined street frontage
- Main road, corner block exposure.
- Mixed-use zoned land with opportunity to develop in the future.
- 3 certificates of titles
- Close proximity to Burwood Railway station a key link in the first stage of the Proposed Suburban Rail Loop - link https://bigbuild.vic.gov.au/projects/suburban-rail-loop


POINT OF VIEW:
Over half a million reasons why this point in Melbourne is a profitable one.

*Approx.
Pricing excludes GST

Additional Info

Features
TenancyAutopact Victoria Pty Ltd TA Burwood Nissan
Lease TermThree (3) years, 5 further terms Three (3) years
Commenced29th January 2021
Rent ReviewAnnual 3% increases, market at option
Bond/GuaranteesEquivalent to Three (3) months rental plus GST
Outgoings PayableBy Tenant , excluding land tax
AgeRefurbished
Air ConditionerYes
Availabilityupon settlement
Car Parking FeesN/A
Car Spacesample on site
ConditionExcellent
FloorsConcrete
HeightVarious
LiftsNA
Permits IssuedNA
Roller DoorsMultiple
SprinklersNA
Suitable DevelopmentMultilevel mixed use residential and commercial
Wheel Chair Accessyes
ZoningMixed Use Zone
Outgoings
Council Rates$13,685.05
Land Tax$65,866.00 approx (single holding)

Agent Details

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