At an 8%* return, this truly is an INVESTORS DREAM.
The total land area of 5,151 sqm* comprises of (3) three separate buildings each with secure tenants with long history on the site.
The property includes the indoor sports facility with an area of 1,883 sqm*, a swim centre with an indoor/in ground pool area of 788 sqm* with internal first floor offices. Located on Avoca Street is a private child care centre with an area of 161 sqm* + 280 sqm* of outdoor playground.
The property provides long term development opportunities to a creative developer.
The rental as at 1st September, 2013 will be $413,403.33 plus GST pa.
A great location on a major thoroughfare with Southland shopping centre within close proximity, in addition to local neighbourhood shopping strips at Highett, Cheltenham and Sandringham.
Parking is available onsite for over 60 cars, but not exclusive use.
*approx
NB: Tender closing -Wednesday 18th September, 2013 at 3.00pm at the office of DBRE.
For further details or to arrange an inspection, please contact our office: 9532 6088
