AN EDUCATED CARLTON INVESTMENT - CIRCA 6.5% YIELD

Sale Details

Sold on 12 Jun 2025

Description

POINT OF INTEREST:

To invest in education is to invest in yourself, and when the asset is situated nearby two of Australia most prestigious tertiary institutions (Melbourne University and RMIT) it’s your master class in investment success. Leased to Milestone English Academy Pty Ltd, the 517sqm* is a full floor plate that provides disability access to occupants, from the secure basement parking area to the first floor, via a short elevator ride. Unobstructed by neighbouring buildings allows for an abundance of natural light to penetrate classrooms and workspaces from each boundary while the balcony facing Lygon Street is a great place for students to take a break between classes. Seven generous size classrooms on Level 1, provides flexibility to the campus and allows Milestone English Academy the ability to run multiple classes consecutively. They must be doing something right as the tenant also occupies Level 2 above, further establishing their stake in the building for many years to come.

- Total building area of 517 sqm*.
- Leased to Milestone English Academy Pty Ltd.
- Rental of $123,600.00 per annum plus outgoings and GST.
- 5 year lease commencing August 2023 with 1 further term of 5 years.
- 3% annual rental increases.
- 3 month bank guarantee + personal guarantee.
- Commercial 1 Zone location.
- Close proximity to Melbourne’s public transport system – Tram 1 & 6 will take you straight into the city.
- 4 basement car spaces (On title).

POINT OF VIEW:

An exceptional investment opportunity in the heart of a thriving and vibrant inner-city community.

*Approx.
Pricing excludes GST