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Sold on 9 Jul 2020

282-288 Geelong Road West Footscray VIC 3012

  • Other
  • 2,228 m²
  • Sold

BRAND NEW EDUCATION INVESTMENT WITH 20 YEAR LEASE

  • MULTI-LEVEL STATE OF THE ART FACILITY
  • CORNER LANDHOLDING OF 1,330SQM
  • SIGNIFICANT DEPRECIATION BENEFITS

The CBRE Australian Healthcare and Social Infrastructure team are pleased to offer for sale a city fringe education Investment on a substantial corner landholding of 1,330sqm*

Features of the property include;

+ Substantial corner land holding of 1,330sqm* zoned General Residential with frontage of 125m*

+ Brand new multi-level state of the art facility with building area of 2,228sqm* including basement car park for 25 cars

+ Surrounded by established and rapidly growing residential and a short walk to Victoria Street, Seddon and Barkley Street retail precinct

+ West Footscray Train Station 550m* away providing quick access to Melbournes CBD only 6km*

+ Leased with options till 2045 to Australians leading early education operator with 20+ years experience and 15 centres

+ Passing income of $675,000pa*with fixed 3% annual increases plus 6 month Bank Guarantee

+ Only 2km* to the renowned Victoria University, 3.4km* to popular Highpoint Shopping Centre and 2.8km* to the iconic Flemington Racecourse

Round 2 - Closing this Friday

Virtual site inspections are available, Please direct any enquiries to the sale and leasing agents below.

Josh Twelftree
+61 452 524 985

Sandro Peluso
+61 418 389 757

Jimmy Tat
+61 439 399 118

Marcello Caspani-Muto
+61 417 065 777

*approx

Property Highlights

Property ID2016223248
Date Sold9 Jul 2020
Floor Area2,228 m²
Land Area1,330 m²
Parking25 x Onsite parkings
Building TypeWhole building
Category
Last updated  9 Jul 2020
Map for 282-288 Geelong Road West Footscray VIC 3012
Map for 282-288 Geelong Road West Footscray VIC 3012282-288 Geelong Road West Footscray VIC 3012
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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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.

Property Highlights

Property ID2016223248
Date Sold9 Jul 2020
Floor Area2,228 m²
Land Area1,330 m²
Parking25 x Onsite parkings
Building TypeWhole building
Category
Last updated  9 Jul 2020
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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