7.25% Return – Long-standing Tenant
Situated on one of the busiest roads in Chelsea Heights, exposed to over 20,000 vehicles daily amongst a diverse tenancy mix of medical professionals and professional services. This investment offers a high return, backed by a secure lease and a significant opportunity for rent reversion through CPI hedging.
Lease Details:
Tenant: Business Strategy Advisors Pty Ltd
Current Rental PA: $26,856 + GST (Gross) (as of October 1 2024)
Term: Five (5) years – commenced 05/10/2022
Options: Two (2) further terms of Five (5) Years
Rent Review: CPI Annually
Special Condition: Tenant pays $1,100 contribution towards outgoings annually
* Occupying for over 10-years!*
The tenant has been operating since 2011 as a chartered account offering a broad range of financial and advisory services. They have occupied within the “Benchmark Complex” corporate offices for over 10 years and have built a strong client base.
Location:
* Mordialloc Bypass: 1.3km*
* East Link: 12.9km*
* Peninsula Link: 7.5km*
Known as the “Benchmark Complex” the modern corporate suites offer great access from major arterials has elevator access. Located within a diverse tenancy mix and situated occupying next to complimentary occupiers such as Goodlife Health, MyCyro Wellness Centre, Wells Road Pharmacy and Dorovitch Pathology. The office has an abundance of on-site car parking and access to major arterials.
Chelsea Heights has seen significant growth in recent years, enhanced by the Mordialloc Bypass; growth has been bolstered by the suburb’s family-friendly atmosphere, beautiful parklands, wetlands, and proximity to the beach. The area offers various amenities, including quality schools, shopping centres, and public transport options.
Key features include:
* 7% return
* GST exempt from sale price
* Income: $26,856 + GST (Gross)
* Office area: 76sqm*
* Long term lease with options
* CPI rent reviews
* Fantastic natural lighting
* Partition office and board room
* Ducted heating and cooling
* Natural lighting
* Lift access from the ground floor
For further information or to arrange an inspection, please contact the listing agent.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
