7/83-87 Main Street Greensborough VIC 3088

The Investment:
- New 2 + 3 year lease from 01/12/23
- Leased to Action Drama Studio
- A long established business with other locations throughout Melbourne
- Returning $30,000 per annum
- Tenant pays all outgoings (excluding land tax)
- Fixed 4% reviews annually, security deposit and Director guarantees

The Property:
- 102 sqm first floor corner suite
- Regular shape and bathed in natural light
- Broad Activity Centre zoning
- Carpeted and air conditioned throughout
- Multi-purpose space - ideal for office, studio, or medical
- Shared bathrooms and kitchenette on the floor that are immaculately presented

The Location:
- High profile Activity Centre zone of Greensborough
- Directly opposite the Greensborough Hotel
- Very short walk to the train station and Greensborough Plaza, which is a 70,000 sqm major regional shopping centre with 170 + shops and cinemas
- Surrounded by new residential mini towers, strip retail and office buildings
- Solid suburban demographic, 20 kilometres northeast of the Melbourne CBD, and near the Metropolitan Ring Road
- The median Greensborough house price is $980,000, which has increased from $800,000 five years ago