Properties / Sold / Victoria / Diggers Rest

10 Farm Road, DIGGERS REST, VIC, 3427

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SOLD

10 Farm Road, DIGGERS REST, VIC, 3427

15 YEAR LEASE + OPTIONS TO 2062 TO NATIONAL NOT-FOR-PROFIT ORGANISATION, YMCA
  • Fully Leased to YMCA
  • Strategic 2,459sqm* corner landholding
  • Tenant pays all outgoings inc land tax

OVERVIEW

+ Leased to national not-for-profit organisation YMCA, with accompanying permit for 104 places

+ Annual income of $284,109 p.a*+ GST & outgoings including land tax

+ 15 year lease to 2032 with (2) two further (15) fifteen year options to 2062

+ Strategic 2,459 sqm corner site, zoned Urban Growth with twenty-two (22) on-site car spaces

+ Modern improvements allowing strong depreciation benefits and constructed by The Llyod Group – a highly regarded and experienced national developer

+ Land Tax exempt investment given the non-profit nature of the covenant

+ YMCA are one of the largest non-profit early learning operators within Australia with a total of 31 centres across VIC, SA, NSW and NT

LOCATION

+ Opposite the proposed Diggers Rest Shopping centre, and walking distance to Diggers Rest Primary School plus numerous recreation facilities

+ 5-minute drive to Diggers Rest Train Station and walking distance to public transport with Easy access to the Calder Freeway

+ Substantial growth location with The City of Hume’s forecast population at 50% by 2041 (Total population of 372,627)

FOR SALE VIA BOARDROOM AUCTION ON THURSDAY 1ST OF JULY AT 2.30PM (AEST) AT THE OFFICE OF CBRE MELBOURNE - LEVEL 34, 8 EXHIBITION STREET, MELBOURNE

For more information, please contact the exclusive sales and marketing agents below:

Sandro Peluso

0418 389 757

Jimmy Tat

0439 399 188

Marcello Caspani-Muto

0417 065 777

approx*

Remember to mention you found this property on CommercialReady.com.au

Property Summary

  • Auction
  • Floor Area
    797 m² (*approx)
  • Land Size
    2459 m² (*approx)
  • Type
    Child/Healthcare, Other, Consulting Rooms
  • Tenanted Investment
    15 YEAR LEASE + OPTIONS TO 2062 TO NATIONAL NOT-FOR-PROFIT ORGANISATION, YMCA

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Property Map
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Agency Contacts

Level 34, 8 Exhibition Street, Melbourne, Victoria, 3000
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