Collingwood Commercial Investment With Strong Covenant. - Under Offer
POINT OF INTEREST:
Comprising exceptional street frontage and exposure, newly renovated kitchen and amenities, and secure on title car parking, this ground floor office is leased to long-standing tenant Subway Developments Pty Ltd since 2005.
Leased to Subway Developments Pty Ltd
Lease terms: Four (4) Years plus Five (5) further terms of Three (3) years each
Annual rent $85,000.00 plus GST and Outgoings
Commencement Date: 1st August 2020
Rent Reviews: Fixed at 3% Annually with market reviews between lease terms
Security Deposit: Limited Liability of up to $40,000 from Subway Enterprises Pty Ltd
Leased to Telstra
Lease terms: Five (5) Years
Commencement Date: 17th June 2020
Annual rent $7,179.18 plus GST
Total annual income $92,179.18. plus GST and Outgoings
Solid ground floor office of: 196m2*
Street Frontage and exposure
Mixed Use Zone
Renovated Kitchen and amenities
Partitioned Offices
Six (6) Secure Car Spaces on title
POINT OF VIEW:
The property is conveniently located in the heart of Collingwood's rapidly evolving business and retail precinct, with Smith, Gertrude & Brunswick Street all at your doorstep. The property is within walking distance to a plethora of cafes, restaurants and Coles and Woolworths supermarkets. Furthermore, the property is bounded by major thoroughfares such as Victoria Parade, Hoddle & Nicholson Streets, and is within close proximity to many of Melbourne’s well known hospitals including Freemasons, St Vincent's, the Royal Victorian Eye & Ear and the Epworth.
*Approx.
Pricing excludes GST
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