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1/159 Newlands Road, COBURG NORTH VIC, 3058

Sold
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Property Sold in 1/159 Newlands Road, COBURG NORTH VIC, 3058

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11164065
Status:
Sold
Last Updated:
02/10/2019
Price:
Contact Agent
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Property Type

Industrial/Warehouse
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Land Area

N/A
Icon size

Floor Area

380 SQM
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Parking

N/A

Prime Investment With National Tenant!

A fantastic opportunity to purchase a premium investment property that is currently leased to Positively Geared Pty Ltd Trading as Club X!

Since 1975, Club X has been the market leader in providing adults with quality entertainment and the latest products from around the globe, and has over 30 locations Australia wide. Club X has been in occupation of this property for seven (7) years since 2009 when the property was built.

A huge value add to the investor - The permit that the tenant requires to operate their business is assigned to this specific property, not to the tenant and is extremely hard to obtain. This permit has no expiry unless it is not in use for two (2) years.

The property is leased on a term of Three (3) + Three (3) years and currently returns $50,005.40 per annum plus outgoings. The tenant has already signed their lease to commence on 1st September 2016.

The property holds the premium position within the Newlands Road Estate as the highest point of exposure, within an immaculately presented architecturally designed Business Park, this property will be a proud addition to your investment portfolio. 

The property is ideally located on busy Newlands Road with neighbours including Capital S.M.A.R.T Repairs & Village Cinemas Coburg Drive Through, 15.8 kilometres from Melbourne's Central Business District.

Depreciation benefits are applicable, enquire today!

*approx

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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