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2. Property Highlights

HIGH YIELDING INVESTMENT TO LONG STANDING TENANT
  • LONG ESTABLISHED TENANT
  • RETURNING $140,523 PA (NET)
  • BUILDING AREA: 500 SQM

Crabtrees Real Estate are pleased to offer to the market for Private Sale this securely leased investment located at 8 Yiannis Court, Springvale.

The property is currently leased to Emu Joe's Pty Ltd trading as Club 8 Springvale on a secure 5-year lease until October 2024 with one (1) further five (5) year option. Rent is returning $140,523.65

Located in this tightly held Springvale industrial precinct, this well-established business has been operating from this same location since 1997 and was awarded Best Brothel in Australia in 2019.

Situated and surrounded by the Springvale Homemaker Centre and high end retailers such as Ikea and Bunnings, 8 Yiannis Court is also located in close proximity to Westall Road and Dandenong Road/Springvale Road junctions with easy access to Monash M1 Freeway.

INVESTMENT FEATURES:

+ 5 x 5 x 5-year lease from October 2014

+ Currently returning $140,523.65 per annum (net)

+ Annual increases of 4%

PROPERTY FEATURES:

+ Total building area of approximately 500 sqm*

+ Front reception with large waiting area

+ 6 professionally fitted rooms all with showers and 2 rooms with spas

+ Air conditioned and heated throughout

+ Securely gated car parking

+ Security and camera system

+ 10Kw solar system with 42 roof panels

+ Close to shops & public transport

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!

Remember to mention you found this property on CommercialReady

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3. Property Location

8 Yiannis Court, Springvale, VIC, 3171