GormanKelly is pleased to offer for sale Suite 8, 385 Belmore Road, Balwyn.
This elegantly appointed office suite is one of three adjacent suites occupied by the same tenant for nearly ten years.
The tenant, Tailored Lifetime Solutions (TLS), is a well established financial planning practice which has been in business since 1988.
TLS has recently signed leases for the three properties for a period of 3 years with options for a further 3 years.
Rental achieved on Suite 8 is $30,400pa net plus Outgoings and GST.
Yield at the asking price equates to 7.41%.
Annual reviews are at 3%.
This is a great opportunity to lock in a strong and reliable income stream from a quality, well entrenched tenant.
385 Belmore Road is located on the northern side of Belmore Road at the intersection with Kalonga and Union Roads. The property is located approximately 13km east of the Melbourne CBD within the municipality of the Boroondara City Council.
The property is part of the Belmore Road Shopping Village which is anchored by Coles and is home to Cellarbrations, Butcher, Green Grocer, Pharmacy, Newsagency, Bakery and various cafes and restaurants.
This location has easy access to the major south-eastern thoroughfares including Whitehorse Road, the Eastern Freeway and Monash Freeway.
