3 & 4, 1-3 Compark Circuit, Mulgrave, VIC 3170

Investment | Other | Offices

Sold

  • Property ID: 263494
  • Floor Area: 400m²
  • NBN Availability: Not Currently Available
  • Cafes: 2 nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Suite 3 & 4 Sold 01/09/2017 400m2 N/A Contact Agent
Invest Or Occupy In This Corporate Estate

This tremendous front of estate corporate office investment is now offered for sale or lease via Deadline Private Sale / Lease closing Wednesday 30th August 2017 at 3pm.

This substantial office of 400m2* is divided into two separate fully self contained suites and is positioned on the renowned Wellington Road in a modern two level office building.

Suite 4 is leased to Elite Staffing Solutions Pty Ltd on a six year lease with a current rental of $61,867.52 per annum.

Suite 3 comprises a 200m2* quality partition and open plan office area offering a fantastic opportunity for someone looking to occupy the suite themselves or to lease the suite out at an expected rental return of $55,000.00 to achieve a total net return of circa $117,000.00

Lease summary:
- Suite 4
- Tenant: Elite Staffing Solutions Pty Ltd
- Rental: $61,867.52
- Lease term: Six (6) years + five (5) years
- Comencement date: 1st October 2013
- $20,000.00 security bond

Property details:
- Suite 3: 200m2* (expected rental return of $55,000.00)
- Suite 4: 200m2*
- Front of estate with fantastic exposure
- 15 onsite car spaces
- Male & female amenities
- Fibre optic internet connection

Please contact CVA for further information.

Additional Information
Features
  • Availability: Immediate
  • Zoning: Special use zone 6
  • Lease Term: Six (6) years
  • Rent Review: 4% annually
  • Car Spaces: 15 onsite
  • Condition: Excellent
  • Air Conditioning: Yes
  • Roller Doors: N/A
  • Floors: Carpet
  • Lifts: N/A
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: $1,560.00*
  • Land Tax: TBC
  • Council Rates: TBC
  • Owners Corp. / Insurance: TBC
Mulgrave Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $372 ---
Retail --- $142 ---
Industrial --- $161 ---
This is the average advertised price, rent and yield for Mulgrave, VIC 3170*
* 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™.
  • Nearby Cafes - Number of cafes located within 500 metres of 3 & 4, 1-3 Compark Circuit, Mulgrave, VIC 3170. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 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.
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