» »
Prime Investment With National Tenant!

1/159 Newlands Road, COBURG NORTH VIC, 3058

Sold

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
Price:
Contact Agent
Last Updated:
02/10/2019
Icon building

Property Type

Industrial/Warehouse
Icon square

Land Area

N/A
Icon size

Floor Area

380 SQM
Icon parking

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


More properties from CVA Property Consultants Pty Ltd
Leased
13/47-51 Little Boundary Road, LAVERTON NORTH VIC, 3026

13/47-51 Little B...

Medical/ConsultingOffices
Leased
83-87 Mark Street, NORTH MELBOURNE VIC, 3051

83-87 Mark Street...

Industrial/Warehouse
Sold
Fairbairn Road, SUNSHINE WEST VIC, 3020

Fairbairn Road, S...

Land/DevelopmentIndustrial/WarehouseShowrooms/Bulky Goods
Sold
22A Randor Street, CAMPBELLFIELD VIC, 3061

22A Randor Street...

Industrial/Warehouse
Sold
22B Rooks Road, NUNAWADING VIC, 3131

22B Rooks Road, N...

Showrooms/Bulky GoodsIndustrial/Warehouse
Sold
9G International Square, TULLAMARINE VIC, 3043

9G International ...

Industrial/Warehouse
More properties from Coburg North
Sold
30 & 30A Trade Place, COBURG NORTH VIC, 3058

30 & 30A Trade Pl...

Industrial/Warehouse
Leased
22/9 Dawson Street, COBURG NORTH VIC, 3058

22/9 Dawson Stree...

Industrial/WarehouseOffices
Leased
29 Lorensen Avenue, COBURG NORTH VIC, 3058

29 Lorensen Avenu...

RetailMedical/Consulting
For Sale
1093-1095 Sydney Road, COBURG NORTH VIC, 3058

1093-1095 Sydney ...

Retail
For Lease
19/50 Bakers Road, COBURG NORTH VIC, 3058

19/50 Bakers Road...

Industrial/Warehouse
For Sale
11/9 Dawson Street, COBURG NORTH VIC, 3058

11/9 Dawson Stree...

Industrial/Warehouse
Loading...