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Investment leased to Multi Million Dollar US Subsidiary -...

43/328 Reserve Road, CHELTENHAM VIC, 3192

Sold

Property Sold in 43/328 Reserve Road, CHELTENHAM VIC, 3192

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
8948314
Status:
Sold
Price:
Sale: $785,000 Lease: $55,000 Annual + Excl. tax
Last Updated:
02/10/2019
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Property Type

Industrial/Warehouse
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Land Area

N/A
Icon size

Floor Area

277 SQM
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Parking

N/A

Investment leased to Multi Million Dollar US Subsidiary - Merit Medical Australia - 7% net return

CVA Property Consultants is pleased to present this exceptional investment opportunity as part of the Hallmarc Business Park in Cheltenham.

This two level office and warehouse has just been leased to Merit Medical Australia Pty Ltd a subsidiary of US public company Merit Medical Systems Inc. for an initial term of 2 years coinciding with an adjoining building already occupied by Merit Medical.
  
View tenant web site: www.merit.com

Rental return: $55,000pa + outgoings
New 2 year + 2 year + 2 year lease
Commencing 1st April 2016
Annual 3% increases
Depreciation benefits
NASDAQ listed parent company - US $815m capitalised value.

Features include:

277m2 approx. total floor space (approx. 180m2 of two level offices)
5 car spaces & loading area
Fully carpeted offices with suspended ceilings
Container height roller door
Ample power throughout

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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