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Premium Investment by the Bay. Returning 6.6%!

18/328 Reserve Road, CHELTENHAM VIC, 3192

Sold

Property Sold in 18/328 Reserve Road, CHELTENHAM VIC, 3192

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11168861
Status:
Sold
Price:
Sale: $560,000
Last Updated:
02/10/2019
Icon building

Property Type

Offices
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Land Area

N/A
Icon size

Floor Area

124 SQM
Icon parking

Parking

N/A

Premium Investment by the Bay. Returning 6.6%!

This impressive individual self-contained two level office  building is positioned within the Hallmarc Business Park Bayside; an immaculately presented architecturally designed state-of-the-art Business Park with an onsite café. 

Hallmarc Business Park Bayside is ideally located close to Nepean Highway, Westfield Southland Shopping Centre, Golf Courses, Sandringham Yacht Club, Cheltenham Railway Station and Sandringham Railway Station. 

The property has just been leased to Quick Coach Pty Ltd on a new 3 + 3 year lease commencing 1st September 2015, returning $37,000 per annum net, with 4% increases each year, and a market review at the end of the first term.

View tenant website http://quickcoach.com.au/home/

Property Features:
- 124m2* floor space over two levels
- Kitchenette on ground floor
- Amenities on ground and first floors
- 3 allocated car spaces
- On-site café
- Cash bond and personal guarantees

For more information, contact CVA Property Consultants. 

*approx

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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