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Sold on 10 Apr 2019

2 & 3/47 Wangara Road Cheltenham VIC 3192

  • Offices
  • 1,472 m²
  • Sold

An Investment Worth Reading About

FOR SALE BY EXPRESSIONS OF INTEREST Closing Thursday 11th April at 3pm

Located in the South East's hottest and most in demand commercial precinct, the Bayside Business District, this long term commercial investment is well worth reading about:

Tenant: Hawker Brownlow Education Pty Ltd (Owned by international company Solution Tree)
Lease Term: Brand new (5) five year lease to 31 December 2024
Options: Three (3) x Two (2) year terms extending to December 2030
Net Rental: $177,000 per annum
Anticipated return: 7%
Outgoings: Payable by tenant as per the lease
Rental Increases: Fixed annually 1.5% per annum
Reviews: Market rental reviews at options
Total Building Area: 1,472sqm approx
Two titles to be sold as one
Thriving Bayside location

The Bayside Business District is home to the likes of ALDI, Westfield Southland, Fitness First, Cosh Living and Wilson Storage. Dan Murphy's and Bowen Timber are also opening soon.

With major roads nearby providing direct access to affluent suburbs such as Beaumaris, Black Rock, Sandringham and Brighton, this is unquestionably a premium location for investing.

For further details and inspections contact:

JAMES GLEN 0401 493 277

NB: All measurements and information is approximate. All images are subject to copyright.


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Property Highlights

Property ID2015015109
Date Sold10 Apr 2019
Floor Area1,472 m²
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EnergyAsk Agent
ParkingAsk Agent
Last updated  12 Apr 2019
Map for 2 & 3/47 Wangara Road Cheltenham VIC 3192
Nichols Crowder Property Moorabbin
358 South Rd Moorabbin VIC 3189

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