Flexible Hawthorn Freehold. Gold mine in the waiting, last remaining gem!
- DEVELOP (STCA)
Premium Hawthorn location just behind Auburn village.
High quality warehouse
Land Area: 478 sqm approx
Building Area: 450 sqm approx
Zoning: Commercial 1 with rapidly growing and developing precinct
Surrounded by multi level residential developments currently under construction.
8 Montrose Street - A 10 level residential development with 110 apartments
5-7 Montrose Street - A 9 level residential development with 55 apartments.
Close to public transport, Auburn village, Auburn train station, shops, restaurants and Swinburne Uni all makes for growth!
Leased to Crossfit Gym
Term: Three (3) years commenced 01/11/2012 and expires 31/10/2015
Further Terms: Two further terms of Three (3) years each (01/11/2015 - 31/10/2018 & 01/11/2018 - 31/10/2021. The tenant has taken up its right to renew the Lease for the first further term of Three (3) years commencing 01/11/2015).
Current Rent: $51,984.00 per annum plus GST
Outgoings: All paid by tenant
Council Rates: $4,700.00 per annum plus GST
Water Rates: $1,350.00 per annum plus GST
Building Insurance: $2,100.00 per annum plus GST
Market Rent Review due 01/11/2015 yet to be determined
Rent Review: Yearly by 3% with a market rent review for the first year of a further term.
Opportunity of a lifetime!
For more details, please email agent