11 Candlebark Court Research VIC 3095

CBRE is delighted to offer 11 Candlebark Court, Research, for sale by Public Auction, Thursday 21st February 2019 at 1.30pm on-site.

This immaculately presented industrial building was purpose built as a gymnastics club on a substantial landholding offering significant upside inclusive of strong future growth.

Key attributes include:
+ Tenant: Balance Gymnastics & Fitness Centre
+ Rental return of $76,000 per annum
+ Lease term: 3 years plus two further 5 year options
+ Lease commencement: 1st April 2017
+ Building area: 650sqm*
+ Land area: 1,500sqm*
+ 3 phase power
+ 7m* roof height
+ Purpose built for a gymnastic club
+ 21 car spaces
+ The location is forecast to benefit from the North-East link project
+ Convenient access to Eltham train station & shopping centre
+ CPI rental increase 1st April 2019 to $77,877 per annum

Balance Gymnastics provides a variety of programs in a family friendly environment. Their fully qualified staff and friendly management team aim to develop members to their full potential in a fun and safe environment.

AUCTION - THURSDAY 21ST FEBRUARY 2019 AT 1.30PM ON-SITE

*approx.