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.