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86-88 Balcombe Road
Mentone VIC 3194
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Sold on 30 Jul 2014

86-88 Balcombe Road Mentone VIC 3194

  • Shop & Retail
  • 2,250 m²
  • Sold

DOUBLE DIGIT YIELD - 12 YEAR LEASE

  • Immediate Sale
  • 10% net return
  • 12+5+5 year lease

To be sold via deadline Private Sale closing Thursday 31st July 2014 (if not sold prior)

This long term high yielding investment, trading as Genesis Fitness Club, is located in the heart of Mentone close to shops, restaurants and opposite Mentone Train Station.

- Exceptional return of 10% net
- Blue chip tenant trading as Genesis Fitness Club
- Area: 2,245sqm* + 70 basement car spaces on title
- Twelve (12) + Five (5) + Five (5) year lease
- Current net rental $617,375 pa* + GST
- Secure six (6) month bank guarantee
- Significant tax depreciation benefits
- Huge frontage and tenancy exposure to thriving retail shopping strip
- Long term high yielding investment with secure cash flow
- Must be sold - Call Now!

For more information or to inspect the property, contact Tim Grant or Marcus Quinn.

*Approx

Property Highlights

Date Sold30 Jul 2014
Floor Area2,250 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Building TypePartial building
Property ID2011051483
Category
Last updated  1 Mar 2021
Map for 86-88 Balcombe Road Mentone VIC 3194

Property Highlights

Date Sold30 Jul 2014
Floor Area2,250 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Building TypePartial building
Property ID2011051483
Category
Last updated  1 Mar 2021

Listed by

Knight Frank Eastern Office
Call
0385458600

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