505 Greensborough Road Greensborough VIC 3088

Medical / Consulting
356 m²
Sold, $2,820,000

High yield ultra secure investment Veterinary Hospital Est 1968 $116,987 PA net

Land 1409 sqm approx.
Veterinary Hospital (since 1968).
5+5+5 year lease $116,987 PA net Rent

Genuine high security investment with established Veterinary Hospital tenancy (On site since 1968).
Perfect long-term investment, with underlying development value. Located in one of Greensborough's established commercial clusters.
Key points :
- Existing rental income $116,987 per annum net + GST
- Long established and recently renewed 5 + 5 + 5 year lease. Renewal commenced 30/6/2020
- 3.5% Annual reviews and additional Market reviews at option commencements.
- Tenant established business in 1962 and in present location since 1968.
- Substantial Underlying land value / area of 1409 sqm approx.
- Building area 356 sqm approx. Modern facility built in 2000
- Significant 78.35 metre road frontage with abundant parking
- Zoned Residential with amazing future development opportunities (S.T.C.A.)
Carter Humphries in conjunction with Lock Bulmer are pleased to offer 505 Greensborough Road Greensborough, for sale by Expression of Interest closing Tuesday 22nd of June 2021 at 3:00pm, If not sold prior.

EXPRESSION OF INTEREST

Closing date and time	22/06/2021 15:00
Recipient name	Nicholas Carter
Delivery address	3 Elm Grove Armadale 3143

Carter Humphries

3 Elm Grove

Armadale, VIC 3143

Property Highlights

Date Sold	22 Jun 2021
Sold Price	$2,820,000
Floor Area	356 m²
Land Area	1,409 m²
Parking	18 x Onsite parkings
Property ID	2016972102
Category	Medical / Consulting Offices Shop & Retail Other
Last updated	25 Jun 2021

Map for 505 Greensborough Road Greensborough VIC 3088

Nearest transport* to 505 Greensborough Road Greensborough VIC 3088

Bus

Train

Tram

Greensborough Rd/Grimshaw St (Greensborough)	271 m
St Mary's Parish Primary School/Grimshaw St(Greensborough)	304 m
Grimshaw St/Frye St (Watsonia North)	369 m
Grimshaw St/Frye St (Watsonia North)	392 m

*Within a 4km radius

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Carter Humphries

3 Elm Grove

Armadale, VIC 3143

Property Highlights

Date Sold	22 Jun 2021
Sold Price	$2,820,000
Floor Area	356 m²
Land Area	1,409 m²
Parking	18 x Onsite parkings
Property ID	2016972102
Category	Medical / Consulting Offices Shop & Retail Other
Last updated	25 Jun 2021

Co-Agents

Nick Carter

Carter Humphries

Call

0413048066

Paul Cutler

Lock Bulmer Property Group

Call

0417 324 677

More about 505 Greensborough Road Greensborough VIC 3088

505 Greensborough Road Greensborough VIC 3088 is categorized as Medical & Consulting Property. It has a floor area of 356 m² and a land area of 1,409 m². There are 18 x onsite parkings.The listing ID for this property is 2016972102.