A first-class investment with a government tenant - approximately 5.5% return This ground-floor office/retail opportunity is located within the renowned Arkana building, at the gateway to Dandenong and on the prominent corner of Lonsdale and Foster Streets. This multi-level development also houses the Dandenong Central Apartment Hotel and Beletti's Restaurant. • Tenant: State Trustees Limited as Government tenants • Lease: 3x2 years commencing 01/11/2024 • Current Rent: $121,200pa plus GST and all applicable outgoings as of 01/11/2024 • Reviews: 4% annually to market if the option is exercised • Inclusions: three allocated carparks and a storage/utility room • Zoning: Comprehensive Development Enquire at www.faceyproperty.com.au to make your next move.
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Property ID: 504671624