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GOVERNMENT ANCHORED OFFICE INVESTMENT

16-22 Grimshaw Street, GREENSBOROUGH VIC, 3088

For Sale

Property for Sale in 16-22 Grimshaw Street, GREENSBOROUGH VIC, 3088

Knight Frank Glen Waverley

G BLDG 1 Brandon Business Park, 540 Springvale Road, Glen Waverley, VIC 3150

Listing ID:
11314701
Status:
Active
For:
Sale
Last Updated:
05/04/2019
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Property Type

Offices
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Land Area

N/A
Icon size

Floor Area

2892 SQM
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Parking

93

GOVERNMENT ANCHORED OFFICE INVESTMENT

Knight Frank and Colliers International are pleased to offer this exceptional office investment for private sale.

A prime investment opportunity, 16-22 Grimshaw Street is 100% leased to three tenants including a new eight-year lease to the Commonwealth of Australia. The property provides a net annual income of $1.21 million per annum (approx.) with a WALE of 5.7 years.

Developed by Salta in 2009 the building comprises an exceptional three level office building of 2,892sqm (approx.) with 93 basement car spaces.

Key features of 16-22 Grimshaw Street, Greensborough include:

• 100% leased to three tenants with 5.7 year WALE
• Underpinned by new eight (8) year lease to Commonwealth Government
• Current net passing income of $1,210,915 (approx.) per annum plus GST
• Fixed annual rental increases
• Three level office building of 2,892 sqm (approx.) with 93 basement car spaces
• 3.5 star NABERS energy rating
• Excellently maintained office building with depreciation benefits

Situated within the heart of the Greensborough Activity Centre, the property is located less than 300 metres from the Greensborough Train Station and Bus Interchange and is short walk to Greensborough Plaza Shopping Centre and Main Street Shopping precinct.

For further information or to arrange an inspection please contact your preferred agent.

For more details, please email agent


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Knight Frank Glen Waverley

G BLDG 1 Brandon Business Park, 540 Springvale Road, Glen Waverley, VIC 3150


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