~7% YIELD, LONG TERM INVESTMENT IN CENTRAL GLEN WAVERLEY

A rare opportunity to purchase a dual-tenanted investment as close to the heart of Glen Waverley as you can get, situated between The Glen, Kingsway's dining and retail precinct, Springvale Road and Glen Waverley Station. The property has not been vacant in several years, has two tenants with leases until 2029 and will only become more sought-after once several new residential developments and the new suburban rail loop station progress.

The location is sought after not only due to scarcity, but the prominence of the Ikon building and the range of services and clientele within central Glen Waverley. You'll be moments walk from Grill'd, San Churro, Piatella, Mocha Jo's, Steak Ministry, KFC, Dan Murphy's, Commonwealth, NAB and Bendigo Banks and all that Century City and The Glen have to offer as well. Benefit from hundreds of car parks right on your doorstep and thousands more in adjacent highrise parking buildings in both directions without charge.

Key information:

• 121m2* office space
• Combined income $89,705.83 + GST + outgoings
• Freedom Hearing paying $43,240 + GST + outgoings
• Ramnai Nominees Pty Ltd paying $46,465.83 + GST + outgoings
• Both leases end 28/02/2029 with one further option of 3 years
• Both rents increase by 3.5% annually
• Lift access and common amenities
• Adjacent to Glen Waverley Station
• The Glen, Kingsway, and major car parks all on your doorstep
• Range of medical, office and retail tenants in the same building
• 116 apartments upstairs
• Parking permits available for occupants
• Commercial 1 Zone

The office is split into two neat tenancies with a shared kitchen and separate entrances easy for re-leasing down the track if need be.

Don't Miss This Opportunity! Please Contact:
Dillon Chambers 0422 909 456
Ryan Trickey 0400 380 438

*All areas and figures approximate only.

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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