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Commercial Investment at 9.875% Net ReturnProperty ID 1664092This functional purpose built office facility is currently leased to the Commonwealth of Australia with Centrelink & Medicare occupying through to Nov 2021 with options through to 2027. The building features 660m2 of fully air conditioned office space, including a number of partitioned offices, open plan work areas, staff rooms, disabled & shower amenities and external break out area. The office is disabled compliant with electric glass sliding doors and complies with the tenants` stringent security requirements such as swipe card readers. There is a sealed car park at the rear of the property for 23 cars secured by electric gates along with 2 x undercover parks secured by an electric roller door with a driveway along the side of the building providing access to both facilities. The property has been meticulously maintained and presents in excellent condition.
Land Area: 2,023m2
Building Area: 660m2
Leased till Nov 2021 with options through to 2027
Leased to Centrelink & Medicare
Currently Returning: $316,276* pa net plus GST
Sale Price: $3.2M (Going Concern) 9.875% net return
For further information please contact Ray White Commercial for a detailed Information Memorandum.
John Dwyer 0439 034 010
Adrian Pascoe 0417 622 240
Graeme Russell 0448 410 067
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable Other Information Floor Types Carpet
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.