SOLD
4/19 Pentridge Boulevard, Coburg, VIC 3058
Office/Retail Investment - Leased To Merri Health
Secure 5 year lease to Merri Health to 2022 plus option to 2025
Merri Health: Community health provider in 11 locations, with Revenue $32.5m 2016/17
Annual 4% rent increases – assuring growth
Tenant pays all usual outgoings
Brand new fit-out – circa $1.2M
Modern 834 sqm retail / office with triple frontage and exposure
Two (2) car spaces on-title
Adjacent to 6,000 sqm shopping centre incorporating full line supermarket, retail shops and 15-screen Palace Cinemas, currently under construction completion expected 2020
Substantial tax depreciation benefits
Coburg: booming inner city Melbourne suburb, 8kms north from CBD
Rent: $204,960 pa
Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne
Merri Health: Community health provider in 11 locations, with Revenue $32.5m 2016/17
Annual 4% rent increases – assuring growth
Tenant pays all usual outgoings
Brand new fit-out – circa $1.2M
Modern 834 sqm retail / office with triple frontage and exposure
Two (2) car spaces on-title
Adjacent to 6,000 sqm shopping centre incorporating full line supermarket, retail shops and 15-screen Palace Cinemas, currently under construction completion expected 2020
Substantial tax depreciation benefits
Coburg: booming inner city Melbourne suburb, 8kms north from CBD
Rent: $204,960 pa
Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne
Property Info
Municipality
Coburg
AUCTION
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Burgess Rawson Melbourne Melbourne
Level 7, 140 Bourke Street
Melbourne, VIC 3000
Tel: 03 9613 0400
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NEARBY PROPERTIES
Beau Coulter
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