Opportunity Knocks!!

“Team Kantor” have great pleasure in presenting this prime tenanted investment to the market.

If you are looking for an investment property with quality tenants, then this 233m2 ground floor office with exclusive use of 4 secure, undercover car bays must be considered.

Situated within walking distance to Midland Gate Shopping Centre in a prime location in Midland set amongst residential and commercial units, this investment opportunity offers the astute investor a very attractive return.

Lease terms are 3 + 3 + 3. Currently leased at $51,866pa + GST + Outgoings.

Key Features:-
• Going Concern Sale
• 233 sqm approximately
• Ground floor
• Government Tenant
• Exclusive use of 4 undercover secure car parking bays
• Located within a vibrant commercial and residential precinct
• Zoning allows office, medical consulting rooms and retail

Investment Summary:-
• Secure 3 year lease with 2 x 3 year options
• Commenced 1st April 2023
• Passing Income of $51,866 per annum plus GST
• Fixed 3% annual increases providing built-in rental growth
• Outgoings payable by tenant

Statutory Outgoings 24/25:-
Council Rates: $6,007.00 pa approx.
Strata Levies: $12,903.00 pa approx.
Water Rates: $995.00 pa approx.

For more information please contact Tim Kantor on 0410 275 600 or teamkantor@5starrealty.com.au

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate, however, may be subject to change without warning at any time and this is often out of our control. Prospective tenants and buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner, the Agent, Sales Representative and the Agency and are expressly excluded from any contract.

Property ID: 1361864