LEASED INVESTMENT OPPORTUNITY - CIRCA 6 PERCENT NET RETURN

- Executive 63 sqm partitioned first-floor office in the popular "University Hill" Estate
- Superbly positioned with direct access to the Metropolitan Ring and Plenty Roads
- Fully carpeted and air-conditioned with an internal kitchenette
- Two designated car parks with one undercover and one open
- Disabled access and elevator to each level
- Male and bathrooms on each level
- Bathrooms are always well maintained and clean
- A range of amenities at your doorstep - trams, cafes, shopping centres, factory outlets, hotels, child care centres, and RMIT directly opposite
- LEASE DETAILS:
- New 2 year lease from 7.12.2026 with 2 further options of 2 years each
- Commencing rental of $22,000 plus all outgoings and GST
- Fixed 4 per cent annual increases
- Market review in year one of each option
- Tenants pay all outgoings
- Building tax depreciation benefits
- The unit is eligible for Self Managed Super Fund (SMSF) LRBA Borrowing
- Ideal entry level acquisition for a Self Managed Super Fund (SMSF) owner occupier or investor
- Tax effective investment opportunity with the Negative Gearing option available for investors

From 1 July 2024, eligible buyers of commercial and industrial properties can choose to pay stamp duty in full at settlement or spread the payments over 10 years.

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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Inspections

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School catchments

Parade College Secondary 7-12 Catholic 0.60km
Mill Park Primary School Primary Prep-6 Government 1.2km
Northside Christian College Combined Prep-12 Independent 1.7km
Plenty Parklands Primary School Primary Prep-6 Government 1.8km
St Damian's School Primary Prep-6 Catholic 1.8km
Watsonia North Primary School Primary Prep-6 Government 2.0km
Loyola College Secondary 7-12 Catholic 2.3km
St Francis of Assisi School Primary Prep-6 Catholic 2.4km
Mill Park Secondary College Secondary 7-12 Government 2.4km
Bundoora Primary School Primary Prep-6 Government 2.5km
Norris Bank Primary School Primary Prep-6 Government 2.6km
Findon Primary School Primary Prep-6 Government 2.6km
Bundoora Secondary College Secondary 7-12 Government 2.6km
St John XXIII Primary School Primary Prep-6 Catholic 2.7km
Watsonia Primary School Primary Prep-6 Government 2.8km
St Mary's School Primary Prep-6 Catholic 2.9km
Lalor East Primary School Primary Prep-6 Government 3.2km
Greensborough Secondary College Secondary 7-12 Government 3.2km
Greensborough Primary School Primary Prep-6 Government 3.4km
Mill Park Heights Primary School Primary Prep-6 Government 3.5km
Lalor Secondary College Secondary 7-12 Government 3.7km
Charles La Trobe P-12 College-Pavilion - The Edge South Morang Campus Combined Government 3.8km
Lalor North Secondary College Secondary 7-12 Government 4.0km
Plenty River College Secondary 10-12 Independent 4.2km
Ivanhoe Grammar School - University Campus Combined Independent 4.3km
Macleod College Combined Prep-12 Government 4.4km
Mill Park Secondary College-Senior Campus Secondary Government 4.5km
St Monica's College - Dalton Road Campus Secondary Catholic 4.7km
Charles La Trobe P-12 College-Deaf Facility Combined Government 5.0km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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