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39-41 Clunies Ross Crescent
Mulgrave VIC 3170
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Sold on 31 Oct 2021

39-41 Clunies Ross Crescent Mulgrave VIC 3170

  • Offices
  • 370 m²
  • Sold

A 30 year tenant ... Something you can count on. - Under Offer

    POINT OF INTEREST:
    A purpose-built office building that has been occupied by the current tenant since 1992 — read: safe. With 392 sqm* of land and 370 sqm* of building across two titles, the opportunity doesn’t just end at the tenant’s occupation (with ink still wet on a fresh lease), but the Commercial 1 Zoning for potential in the years to come. Both titles have two car parks and are accessed at the rear of the property — and speaking of access, the property is located just 1 km* from the Wellington Road exits of the Monash Freeway and is connected by major thoroughfares like Springvale and Wellington Roads.

    Lease Summary:
    - Current tenant "Coster Galgut" has occupied building since 1992
    - 80% of total building leased to current tenant at $68,652pa* ++
    - New 3 +3 + 3 year lease signed 16th July 2021
    - CPI reviews, market at option
    - Security bond of $10,000

    Points Worth Mentioning:
    - Fully leased potential of $89,000pa* ++
    - Land size totaling 392 sqm* across two titles
    - Combined building area 370 sqm*
    - Commercial 1 Zoning
    - Future development upside potential 
    - Rear ROW four (4) on-site car parks
    - 1 km * from Monash Freeway

    POINT OF VIEW:
    When it comes to investments, they don’t come sounder than this. Blending all aspects of a profitable investment that includes two freehold titles, a 30-year tenant that has stood strong and recently signed a new lease — everything makes sense — now it just comes down to dollars. 

    *Approx.
    Pricing excludes GST

    Property Highlights

    Date Sold31 Oct 2021
    Floor Area370 m²
    Land Area392 m²
    ParkingAsk Agent
    Property ID2017292402
    Category
    Last updated  3 Nov 2021
    Map for 39-41 Clunies Ross Crescent Mulgrave VIC 3170

    Property Highlights

    Date Sold31 Oct 2021
    Floor Area370 m²
    Land Area392 m²
    ParkingAsk Agent
    Property ID2017292402
    Category
    Last updated  3 Nov 2021

    Co-Agents

    David Napoleone
    David Napoleone
    CVA Property Consultants Pty Ltd
    Call
    0425 740 922
    Daniel Philip
    CVA Property Consultants Pty Ltd
    Call
    0439 977 121

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