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505 Greensborough Road Greensborough VIC 3088

  • Medical / Consulting
  • 356 m²
  • Expressions of Interest

High yield ultra secure investment Veterinary Hospital Est 1968 $113,030 PA net

  • Land 1409 sqm approx.
  • Veterinary Hospital (since 1968).
  • 5+5+5 year lease $113,030 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 $113,030 per annum net + GST Note rent to increase to $116,987 before Settlement.
- 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 15th of June 2021 at 3:00pm, If not sold prior.

EXPRESSION OF INTEREST

Closing date and time15/06/2021 15:00
Recipient nameNicholas Carter
Delivery address3 Elm Grove Armadale 3143
Paul Cutler
Lock Bulmer Property Group
Paul Cutler
Lock Bulmer Property Group
Nick Carter
Carter Humphries
Nick Carter
Carter Humphries

Property Highlights

Property ID2016972102
Floor Area356 m²
Land Area1,409 m²
Parking18 x Onsite parkings
Building TypeWhole building
Annual Return5%
AvailabilityTenanted
Category
Last updated  10 May 2021
Map for 505 Greensborough Road Greensborough VIC 3088
Map for 505 Greensborough Road Greensborough VIC 3088505 Greensborough Road Greensborough VIC 3088
Paul Cutler
Lock Bulmer Property Group
Paul Cutler
Lock Bulmer Property Group
Nick Carter
Carter Humphries
Nick Carter
Carter Humphries

Property Highlights

Property ID2016972102
Floor Area356 m²
Land Area1,409 m²
Parking18 x Onsite parkings
Building TypeWhole building
Annual Return5%
AvailabilityTenanted
Category
Last updated  10 May 2021
Lock Bulmer Property Group
95-97 Main Street Greensborough VIC 3088
Paul Cutler
Lock Bulmer Property Group
Paul Cutler
Lock Bulmer Property Group
Nick Carter
Carter Humphries
Nick Carter
Carter Humphries
Paul Cutler

Paul Cutler

Lock Bulmer Property Group

Nick Carter

Nick Carter

Carter Humphries

0417 *** ***
0417 324 677
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