Leased Investment with Approved Planning Permit
Auction | Thursday 13th June 2013 at 11.30am on site
Rare opportunity to secure a 2 level office building in the heart of Box Hill with endless opportunities. The property is fully occupied to two long term tenancies on a new Three (3) year + Three (3) year lease providing an income stream whilst you take up the opportunity to develop the approved planning permit of 28 apartments and 2 offices. Both Tenants are aware of the development potential and therefore have signed the leases with a demolition clause enabling you to be in control of your investments future.
* Land Area: 723sqm (approx.)
* Building Area: 556sqm (approx.)
* Zoning: Business 2 Zone
* Approved Planning Permit: 28 Apartments & 2 Offices
* Total Return $113,000 per annum plus GST and Outgoings
Ground Floor
* Returning $55,000 per annum plus GST and Outgoings
* Term: Three (3) Years + Three (3) Years
* Reviews: 3% annually
First Floor
* Returning $58,000 per annum plus GST and Outgoings
* Term: Three (3) Years + Three (3) Years
* Reviews: 3% annually
Follow link for Information Memorandum -
http://www.raywhitecommercial.com.au/property-detail/967101?section=listing
For further details please contact Brett Diston 0439 365 532 or David McGuinness 0433 322 443
Rare opportunity to secure a 2 level office building in the heart of Box Hill with endless opportunities. The property is fully occupied to two long term tenancies on a new Three (3) year + Three (3) year lease providing an income stream whilst you take up the opportunity to develop the approved planning permit of 28 apartments and 2 offices. Both Tenants are aware of the development potential and therefore have signed the leases with a demolition clause enabling you to be in control of your investments future.
* Land Area: 723sqm (approx.)
* Building Area: 556sqm (approx.)
* Zoning: Business 2 Zone
* Approved Planning Permit: 28 Apartments & 2 Offices
* Total Return $113,000 per annum plus GST and Outgoings
Ground Floor
* Returning $55,000 per annum plus GST and Outgoings
* Term: Three (3) Years + Three (3) Years
* Reviews: 3% annually
First Floor
* Returning $58,000 per annum plus GST and Outgoings
* Term: Three (3) Years + Three (3) Years
* Reviews: 3% annually
Follow link for Information Memorandum -
http://www.raywhitecommercial.com.au/property-detail/967101?section=listing
For further details please contact Brett Diston 0439 365 532 or David McGuinness 0433 322 443
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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