118 Martin Street, Brighton

Sold

Friday, 16th June 2017

Brand New 10 Year Lease in Brighton

$375,000 p.a in starting rental with fixed 3% increases and no market reviews in term. ..Just see the income come in for the next 10 years!

* Brand new 10 year lease to McKenzie Aged Care Head Office
* Commencing rental of $375,521 p.a + GST + outgoings
* Fixed annual increases of 3%
* Option periods of 5 + 5 + 5 years
* 10 year cash flow totaling over $4,300,000 over the term
* Established aged care group (1998) with 17 locations around Australia
* Brand new, architecturally designed office spaces with NBN internet and 3/2 metre high ceilings
* 25 basement level car spaces for use of tenant and on title
* Excellent depreciation benefits
* First class fit out at expense of tenant
* Amazing location in Martin Street, Brighton close to Gardenvale Train Station, popular cafes and supermarket

For further information contact:

JULIAN VAUTIN – 0420 406 660 or julianv@nicholscrowder.com.au
JAMES GLEN – 0401 493 277 or jamesg@nicholscrowder.com.au

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.

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