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789 Pascoe Vale Road
Glenroy VIC 3046
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Sold on 3 Jul 2019

789 Pascoe Vale Road Glenroy VIC 3046

  • Shop & Retail
  • Sold

Fully Leased Commercial and Medical Investment

  • Prime freehold with blue chip tenants
  • Returning $499,691pa
  • 8+ year WALE

Fitzroys and Savills are delighted to offer for sale this premium freehold investment, situated in the heart of Glenroys primary commercial precinct at 789 Pascoe Vale Road, Glenroy.

This property represents a fantastic opportunity to acquire a first class commercial and medical investment that is fully leased to three highly regarded tenants.

The key attributes of this opportunity include:
Premium two storey freehold of 1336sqm*
Commercial 1 landholding of 910sqm*
100% leased with a rental of $499,691 pa
Secure long leases with 8+ year WALE (As at 1 June 2019)
Blue chip tenants Commonwealth Bank, Ray White, Modern Medical (Zenitas Healthcare)
Entire building fully refurbished in 2017
Future redevelopment and value-add potential (stpa)
Adjacent large council carpark opposite Glenroy Railway Station.

For Sale by Expressions of Interest closing Wednesday 26th June at 2pm.

EXPRESSION OF INTEREST

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Property Highlights

Date Sold3 Jul 2019
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2015308271
Category
Last updated  8 Jul 2019
Map for 789 Pascoe Vale Road Glenroy VIC 3046

Property Highlights

Date Sold3 Jul 2019
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2015308271
Category
Last updated  8 Jul 2019
Level 27/360 Collins St Melbourne VIC 3004

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