2, 18 Sherbourne Road, Briar Hill, VIC 3088

Investment | Other

Sold $795,000

  • Property ID: 247198
  • Floor Area: 240m²
  • NBN Availability: Build Commenced
Sold / Leased Results

Name Result Date Floor Land Result Price
Total building area Sold 28/11/2017 240m2 N/A $725,000
Investment Opportunity - Medical

This well located office suite is leased to the Briar Hill Family Medical Centre for a term of three years with an option for a further three years. The property boasts and wide array of sought-after features including prominent ground floor position, fully partitioned layout, off street parking and much more.

- 3 + 3 year lease commencing January 2017
- Current net rent is a healthy $43,000pa
- Annual rental increases
- Tenant pays outgoings
- Ground floor position
- Total building area 240m2*
- Partitioned offices
- Open plan office area
- Communications room
- Male, female and disabled toilets
- 7 onsite car spaces
- Alarm system
- Ducted air conditioning
- Kitchen, lunchroom and disabled toilet facilities
- Rear bi-fold goods access door


* approx.

Additional Information
Features
  • Zoning: Commercial 2
  • Lease Term: 3 years with an option for a further 3 years
  • Rent Review: 4% Annually
  • Car Spaces: 7
Briar Hill Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $636 ---
This is the average advertised price, rent and yield for Briar Hill, VIC 3088*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×