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21-23 Maroondah Highway, CROYDON VIC, 3136

Sold
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Property Sold in 21-23 Maroondah Highway, CROYDON VIC, 3136

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11259100
Status:
Sold
Last Updated:
03/05/2021
Price:
Price on Request

Property Type

Retail/Offices/Showrooms/Bulky Goods

Land Area

1736 SQM

Floor Area

1785 SQM

Parking

N/A

Retail/Office on a Major Highway in Melbourne's Prime East

Stand out double storey development with prominent main road exposure (40,000 vehicles passing per day)
Tenants include Maroondah Lighting since 1994 on a new 7 year lease plus options to 2031, STM Accounting since 2002, Eastern Melbourne Healthcare Ltd and Vodafone
Security of 6 separate income sources at moderate levels ($175sqm – $189sqm) providing scope for long term income and capital growth
Rental offer received from Telstra for low impact roof installation
Significant Council investment in access, parking and beautification at front of site
Well maintained 1,785 sqm NLA building with 16 on-title car spaces plus excellent street front parking totalling some 70 spaces
Recent upgrades include new air conditioners, exterior painting and tenancy refurbishments
Substantial Commercial 1 zoned site of 1,736 sqm
Minimal management property with tenants paying outgoings
Attractive income tax saving depreciation benefits
Rent: $345,000 pa (approx)

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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