Dandenong CBD Investment Opportunity
Strategically located in the heart of Dandenong’s CBD and within close proximity to Eastlink and Monash Freeway, this is an excellent opportunity to secure this tightly held office complex on the corner of Thomas and Scott Street.
Total building area of 1,394sqm split over 3 levels:
– Ground floor office of 462sqm (tenanted by Shine Lawyers)
– First floor 466sqm; Recently renovated and split into 3 separate office areas ranging from 92sqm to 131sqm (tenanted)
– Secure basement parking 466sqm with access via Scott Street
Ground Floor Tenancy:
– Shine Lawyers Pty Ltd
– 6 year Lease commenced 01/05/2017
– Rental return of $105,777 pa net
– Annual CPI increases (next CPI increase 01/05/2019)
– One further option of 5 years
First Floor Tenancy:
– 3 year lease
– One further term of 3 years
– Rental return of $105,000 per annum pa net
This equates to a total rental of approximately $210,000 per annum net.
Enquire now for more information.