SOLD

Stand out double storey development with prominent main road exposure (40,000 vehicles passing per day)
Tenants include Maroondah Lighting since 1994 on a new 7 year lease plus options to 2031, STM Accounting since 2002, Eastern Melbourne Healthcare Ltd and Vodafone
Security of 6 separate income sources at moderate levels ($175sqm – $189sqm) providing scope for long term income and capital growth
Rental offer received from Telstra for low impact roof installation
Significant Council investment in access, parking and beautification at front of site
Well maintained 1,785 sqm NLA building with 16 on-title car spaces plus excellent street front parking totalling some 70 spaces
Recent upgrades include new air conditioners, exterior painting and tenancy refurbishments
Substantial Commercial 1 zoned site of 1,736 sqm
Minimal management property with tenants paying outgoings
Attractive income tax saving depreciation benefits
Rent: $345,000 pa (approx)