Sold
Offices

1/9 Compark Circuit Mulgrave, VIC 3170

Sold on 25 May 2017
  • Building: 75m²
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Offices in Mulgrave

Portfolio Auction - 1 Sold, 2 Remaining!

  • Building: 75m²

Invest now Occupy later! Flexible Office Suites over Three Tenancies!

A rare opportunity to purchase a flexible real estate investment with the diversity of three (3) separate income streams and the flexibility to occupy in the future. The choice is all yours.

Situated in the exclusive Compark Circuit of Mulgrave, these outstanding ground floor corporate offices totaling 228m2 approx. features three (3) completely independent tenancies each with their own kitchen & amenities.

All three office suites provide fantastic natural light with floor to ceiling windows, extensive partitioned and open plan layouts, ducted air conditioning and heating, amenities and kitchenettes plus an impressive ground floor foyer with a timber staircase leading to the suites. Each office suite comes with a minimum of two onsite car spaces with a thriving cafe 150m away.

Unit 1: SOLD
- Leased to Symbiotic Devices Pty Ltd
- 2 + 2 + 2 year lease commenced 22/02/2016
- Rental return of $22,950 per annum plus GST plus Outgoings
- 2% annual increases
- Security bond of $4,125.00
- Total office area of 75m2 approx

Unit 3:

  • Leased to HHOM Pty Ltd
  • 1 + 1 + 1 year lease commenced 01/09/2016
  • Rental return of $22,500 per annum plus GST plus Outgoings
  • 3% annual increases
  • Security bond of $5,500.00
  • Total office area of 90m2 approx

Unit 4:

  • Leased to Que Huong Entertainment TV Pty Ltd
  • 1 + 2 + 2 year lease commenced 15/11/2016
  • Rental return of $15,750 per annum plus GST plus Outgoings
  • 3% annual increases
  • Security bond of $2,887.50
  • Total office area of 63m2 approx

Total potential rental return of $61,200 pa net encouraging a circa 6% + yield!

Join Mulgrave's renowned commercial business precinct and be surrounded by quality and international tenants such as CAT, Peters Ice Cream, Mazda, Johnson & Johnson, Samsonite Australia and BMW to name a few. The subject property is conveniently located near the intersection of Wellington and Springvale Road, with easy access to main arterial roadways such as Blackburn Road, Princess Highway and the Monash Freeway. It is also positioned near numerous public transport options.

Properties will be auctioned separately on the day unless sold prior.

Paul Rizzo - 0418 688 888
Theo Karkanis - 0431 391 035

Building:

75m²

Categories:

Offices, Medical/Consulting

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