STRONG TENANT/STRONG INCOME STREAM
GormanKelly is pleased to offer for sale Suite 8, 385 Belmore Road, Balwyn.
This elegantly appointed office suite is one of three adjacent suites occupied by the same tenant for nearly ten years.
The tenant, Tailored Lifetime Solutions (TLS), is a well established financial planning practice which has been in business since 1988.
TLS has recently signed leases for the three properties for a period of 3 years with options for a further 3 years.
Rental achieved on Suite 8 is $30,400pa net plus Outgoings and GST.
Yield at the asking price equates to 7.41%.
Annual reviews are at 3%.
Expressions of Interest
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