AUCTION WEDNESDAY 18TH MARCH AT 12 NOON ON SITE
This truly is one of the most unique opportunities a savvy investor could capitalise on based on the fact that nearly every box can be ticked from the lease, to the tenant, to the underlying building value.
Located near the heart of the Melbourne CBD, Unit 3/3 -42 White Street South Melbourne is a secure investment, ideal for any growing property portfolio.
Key features include:
* Long established business, Hermanns Imports Pty Ltd trading as "Edward Meller"
* Major retailer of luxury women's shoes with over 20 retail stores nationwide
* Strong passing net income of $92,700p.a.* (incl. capped Land Tax)
* 3 + 3 + 3 year lease term
* Initial lease term expiry 31 July 2021
* Fixed rental increases throughout lease
* Tenant pays all outgoings in addition to rent (excluding Land Tax)
* Total building area: 548sqm*
* Outstanding car parking allocation of 9 marked spaces
* Tax depreciation benefits available ongoing
* City fringe location surrounded by an amazing road network
You are buying a high quality office warehouse with a revered tenant – this is truly a sit and forget investment!
For further information or to arrange an inspection, please contact:
Julian Vautin - 0420 406 660
Matt Nichols - 0418 186 488
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images and renders are subject to copyright.
For more details, please email agent