216 Draper Street is a striking two level office building prominently positioned approximately 1.2 km from the city centre in an established commercial and industrial precinct.
This quality building was extensively renovated and refurbished in 2009 to suit the specific requirements of the current global tenant, Golders Associates Pty Ltd. The property is offered with a new 5 years lease term which commenced on the 1st of July 2013 and provides for two additional 5 year options.
Colliers International recommends this opportunity for immediate consideration.
Features include:
- Single global tenant with new 5 + 5 + 5 year lease
- Free standing two level building - approx 590mò of NLA
- Net income of $129,800 pa (tenant pays outgoings)
- Fixed annual CPI increases set at 4% & market review at each option
- Corner 1062mò (approx) freehold - zoned commercial
- Attractive building with excellent presentation requiring no immediate works (renovated and refurbished in 2009)
- High street visibility, fully landscaped & fenced, drive though ability and off street parking
- Attractive commercial investment ideal for self-managed super funds
Rarely does an opportunity to secure such a versatile and well positioned commercial building come available, supported by such a strong and creditable lease and tenant.
Expressions of Interest closes at 4pm, 20 August 2013. For further information or to arrange an inspection contact Jay Beattie.
