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Sold on 27 May 2019

21 Ricketts Road Mount Waverley VIC 3149

  • Offices
  • 542 m²
  • Sold, $3,250,000

AFFORDABLE QUALITY SUBURBAN INVESTMENTS, BUY ONE, TWO OR THREE!

    21 Ricketts Road, Mount Waverley is a unique offering with significant future upside, and one which CBRE strongly recommends for your consideration.

    The surrounding properties predominantly comprise a mix of modern and older style commercial and industrial buildings. There is convenient access to the Monash freeway, connecting to the City and the outer eastern suburbs via Citylink and Eastlink. With Camberwell, Hawthorn, Toorak and Chadstone a short drive away, this makes for the ideal business location.

    The functional properties comprise of three separate units, being two premium grade offices on the first floor and a ground floor café. Both the office units and the cafe have been fitted-out to an extremely high standard. The properties are to be sold individually or as a ready-made portfolio of three.
    Strong depreciation allowances together with the robust tenant's covenants make this opportunity an ideal addition to any investment portfolio.

    PORTFOLIO SUMMARY:

    CAFÉ (Lot 31) POACHER & HOUND
    The Poacher & Hound is a stylish café nestled in Mount Waverley's Spectrum Business Park. Poacher and Hound embrace the foundations of simple European intermixed with a contemporary Melbourne cafe feel.

    TENANT: Jeffersons Hospitality Group Pty
    PASSING RENTAL: $82,876.47 PA*
    RENT REVIEW: Fixed annual review of 3.5%
    COMMENCEMENT DATE: 15/02/2016
    LEASE TERM: Fifteen (15) years
    OPTIONS: Three (3) further terms of five (5) years

    Suite 101 (Lot 30) CUSHMAN & WAKEFIELD PTY LTD

    Cushman & Wakefield is a leading global real estate services firm, originally founded in New York in 1917. The firm is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.

    TENANT: Cushman & Wakefield Pty Ltd
    PASSING RENTAL: $56,039.02 PA*
    RENT REVIEW: Fixed annual review of 3.25%. Market review at the option period
    COMMENCEMENT DATE: 01/10/2017
    LEASE TERM: Five (5) years
    OPTIONS: One (1) further term of three (3) years

    Suite 102 (Lot 29) SHANNON PROPERTIES PTY LTD

    Shannon Properties is a family owned and operated residential and commercial property development company. Since 1999, the company has been an industry leader in providing innovative, high quality and environmentally sustainable property developments. Led by a highly skilled and experienced group of designers and builders.

    TENANT: Shannon Properties Pty Ltd
    PASSING RENTAL: $69,451.09 PA*
    RENT REVIEW: Fixed annual review of 3%. Market review at the option period
    COMMENCEMENT DATE: 01/07/2016
    LEASE TERM: Three (3) years
    OPTIONS: One (1) further term of three (3) years (Option exercised)

    *denotes approx

    Bryce Pane
    CBRE Melbourne
    Bryce Pane
    CBRE Melbourne

    Property Highlights

    Property ID2016946540
    Date Sold27 May 2019
    Sold Price$3,250,000
    Floor Area542 m²
    Land AreaAsk Agent
    ParkingOn site parking available
    Building TypePartial building
    Category
    Last updated  20 Apr 2021
    Map for 21 Ricketts Road Mount Waverley VIC 3149
    Map for 21 Ricketts Road Mount Waverley VIC 314921 Ricketts Road Mount Waverley VIC 3149
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    • Purchase price

      $
      3,250,000

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Bryce Pane
    CBRE Melbourne
    Bryce Pane
    CBRE Melbourne

    Property Highlights

    Property ID2016946540
    Date Sold27 May 2019
    Sold Price$3,250,000
    Floor Area542 m²
    Land AreaAsk Agent
    ParkingOn site parking available
    Building TypePartial building
    Category
    Last updated  20 Apr 2021
    CBRE Melbourne
    Level 34, 8 Exhibition Street Melbourne VIC 3000
    Bryce Pane
    CBRE Melbourne
    Bryce Pane
    CBRE Melbourne

    Ask Bryce Pane about this property

    Bryce Pane

    Bryce Pane

    CBRE Melbourne

    0477 *** ***
    0477 014 753

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