Investment Sale | Returning $17,500 PA Net With New 3 + 3 Year Lease
8/83-87 Main Street, Greensborough VIC 3088
Asking $350,000
OfficeSize: n/a
Block size: 602 m² approx.
• View the virtual tour and floor plan
• 54.4 sqm office or medical suite
• 3 + 3 year lease from 01/02/23
• Returning $17,500 per annum net
• Leased to a franchisee of Kip McGrath Education Centres
• Tenant pays the GST and low property outgoings
• $3,000 security deposit and personal guarantee
• 3% fixed annual increases
• Fully carpeted and air conditioned
• Light and bright with plenty of natural light
• Functional multi purpose space
• Shared bathrooms and kitchenette on the floor, always clean
• High rental desirability - a very in demand space
• 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
• Prominent corner location
• Surrounded by new residential mini towers
• Solid suburban demographic, 20 kilometres northeast of the Melbourne CBD
• Median house price of $995,000 and median apartment price of $715,000 in Greensborough
• Available for immediate purchase
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
• 54.4 sqm office or medical suite
• 3 + 3 year lease from 01/02/23
• Returning $17,500 per annum net
• Leased to a franchisee of Kip McGrath Education Centres
• Tenant pays the GST and low property outgoings
• $3,000 security deposit and personal guarantee
• 3% fixed annual increases
• Fully carpeted and air conditioned
• Light and bright with plenty of natural light
• Functional multi purpose space
• Shared bathrooms and kitchenette on the floor, always clean
• High rental desirability - a very in demand space
• 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
• Prominent corner location
• Surrounded by new residential mini towers
• Solid suburban demographic, 20 kilometres northeast of the Melbourne CBD
• Median house price of $995,000 and median apartment price of $715,000 in Greensborough
• Available for immediate purchase
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Richard Impiombato to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Office
Block Size:
602 m²*
Other Details
Lot:
8
Plan:
PS539040
Legal description:
8\PS539040
Maps and area information
Block information
Block size: 602m² (approx)
Legal description: 8\PS539040
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
We couldn't find any history for this property.
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Greensborough suburb information
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SummaryMedian sales
Average Age
43 years
Population
21,070
Listing ID: 181568462. This listing has been viewed 9 times. It was first displayed on 27/04/2023 and last updated on 19/03/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.