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4/328 Reserve Road, CHELTENHAM VIC, 3192

Sold
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Property Sold in 4/328 Reserve Road, CHELTENHAM VIC, 3192

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11363425
Status:
Sold
Last Updated:
17/10/2019
Price:
Sale: $720,000 Lease: $50,440 Annual + Excl. tax
Icon building

Property Type

Offices/Showrooms/Bulky Goods
Icon square

Land Area

N/A
Icon size

Floor Area

209 SQM
Icon parking

Parking

N/A

Corporate Office Investment with International Tenant! - 7% net Return

CVA Property Consultants are pleased to offer you the opportunity to secure an outstanding two level office investment located within the prestigious Hallmarc Business Park Bayside.

The property is currently leased to Xtime Asia Pacific, a provider of hosted customer relationship management for automotive service departments. The current rental return is $50,440 pa net and the tenant has exercised a further lease term with a further option available.

Unit 4 comprises two levels of office/showroom complete with boardroom facilities, high quality fitout, male and female amenities, kitchenette and large windows allowing for excellent natural light. Further enhancing the property are 5 allocated on site car parking spaces plus licence area which allows for easy loading via a tilt panel window.

Xtime Asia Pacific focuses on retention solutions for automotive manufacturers and dealer service departments. Its cloud-based products help dealerships discover, deliver and retain profitable customers and help increase customer retention and loyalty. Xtime is the exclusive or preferred provider for over a dozen major automotive manufacturers globally including those in the USA, Canada and Australia.

View company website www.xtime.com 

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.

Tax effective depreciation benefits apply.

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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