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Brand New 10 Year Lease in Brighton

118 Martin Street, BRIGHTON VIC, 3186

Sold

Property Sold in 118 Martin Street, BRIGHTON VIC, 3186

Nichols Crowder Property Solutions

358 South Road, Moorabbin, VIC 3189

Listing ID:
11210965
Status:
Sold
Price:
Contact Agent
Last Updated:
20/05/2020
Icon building

Property Type

Offices
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Land Area

N/A
Icon size

Floor Area

667 SQM
Icon parking

Parking

25

Brand New 10 Year Lease in Brighton

$375,000 p.a in starting rental with fixed 3% increases and no market reviews in term. ..Just see the income come in for the next 10 years!

* Brand new 10 year lease to McKenzie Aged Care Head Office
* Commencing rental of $375,521 p.a + GST + outgoings
* Fixed annual increases of 3%
* Option periods of 5 + 5 + 5 years
* 10 year cash flow totaling over $4,300,000 over the term
* Established aged care group (1998) with 17 locations around Australia
* Brand new, architecturally designed office spaces with NBN internet and 3/2 metre high ceilings
* 25 basement level car spaces for use of tenant and on title
* Excellent depreciation benefits
* First class fit out at expense of tenant
* Amazing location in Martin Street, Brighton close to Gardenvale Train Station, popular cafes and supermarket

For further information contact:

JULIAN VAUTIN - 0420 406 660 or julianv@nicholscrowder.com.au
JAMES GLEN - 0401 493 277 or jamesg@nicholscrowder.com.au

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.

For more details, please email agent


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Nichols Crowder Property Solutions

358 South Road, Moorabbin, VIC 3189


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