Magnificent Investment - Strategic Landbank Rarely such a significant property becomes available in this highly held location. The property is leased to a well-established tenant and provides a hassle-free investment. Expression of Interest closing 16th December 2024 at 11am. • Zoning - Commercial 2 Zone • Land Area- 1143m2 approx. • Building Area- 1266m2 approx. Tenancy Details: The property is occupied by Urban Climb Collingwood Pty Ltd via a renewed 5 year lease with one final option remaining. Terms include fixed annual 3% rental increases with market reviews on renewal and all usual outgoings recoverable except Land Tax. The original lease commenced in 2017 and includes a six (6) month security deposit be maintained throughout. The reported passing face rent of $143,526 pa ($113 psmpa) is deemed well below market. For further information or to arrange an inspection contact John Camilleri on 0409 327 120 or email [email protected]
E-Mail-Anfrage an Killen Thomas - Melbourne
Immobilie ID: 504743080