For sale via Expression of Interest closing Wednesday 26th March 2025 at 3pm, unless sold prior. POINT OF INTEREST: Discover a remarkable opportunity to own a high-performing investment property in the heart of Melbourne's norther suburbs. Situated directly opposite the recently upgraded state-of-the-art Glenroy Railway Station, this prominent two-level office building boasts an enviable annual return of $467,099.00 ideally produced from a diverse tenancy mix. The profile building comprises 2,628sqm with a 983sqm* on grade parking area for 40 cars, additional feature include lift access, kitchen and bathrooms to all suits, private balconies and individual A/C units. With 22 strata titled office suites, this prominent office building is home to a range of high performing tenancies including many within the medical / health care industry ensuring this asset is perfectly positioned for both income stability and long-term growth. - 2,628 sqm* of total building area (Including secure ground floor car park area of 983 sqm*) - Rental return of $467,099.00 per annum. - 1,330 sqm* of Commercial 1-zoned land. - An impressive 22-metre* street frontage. - Directly opposite Glenroy train station. - Childcare Centre neighboring the property. - Office Suites: 22 self-contained spaces with private toilets, kitchenettes, and ample natural light—ideal for professionals such as accountants, consultants, health practitioners, and boutique agencies. - Secure parking for 40 vehicles. - Dual Street Frontage and access providing accessibility and exposure. - WALE: Weighted Average Lease Expiry of 3.03 years ensures secure, predictable returns. - Additional Benefits: Depreciation advantages strengthen the property’s investment profile. POINT OF VIEW: This isn’t just an office building — it’s the pulse of Glenroy’s commercial revival. Flanked by major players like Coles, Commonwealth Bank, national retailers and infrastructure upgrades, your tenants will be at the center of it all, with unbeatable access to Pascoe Vale Road and the Western Ring Road. An investment here means prime returns today and even bigger opportunities tomorrow. *Approx. Pricing excludes GST
Richiesta email a CVA Property Consultants - Melbourne
Immobiliare ID: 504790072