Suite 5, 6 Croydon Road, Croydon, VIC 3136

Offices

Sold

  • Property ID: 435916
  • Floor Area: 104m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Suite 5 - First Floor Sold 20/02/2024 104m2 N/A Contact Agent
ENTRY LEVEL OFFICE INVESTMENT - CIRCA 6% RETURN

CVA Property Consultants in conjunction with Gorman Allard Shelton are pleased to offer Suite 5, 6 Croydon Road, Croydon for private sale.

The office suite is set within a boutique office development by Wolfstep Projects.

Key benefits of this opportunity include:
- Current income: $34,320 net pa + GST and outgoings
- Building area: 104 sqm*
- Two on-site car parks on title
- End-of-trip facilities including shower and change room amenities
- Leased to a Government-funded service tenant - Wise Employment
- Exclusive rear entry directly from the car park
- Security deposit, depreciation benefits, fixed annual rent reviews

Positioned strategically, 6 Croydon Road is at the epicentre of convenience, surrounded by essential amenities, transportation hubs, and a bustling commercial atmosphere.

Additional Information
Features
  • Availability: Immediate
  • Lease Term: 2 years, 2 mths, 9 days (expires 30 June 2025) + 2 year option
  • Rent Review: Annual 3% increase
  • Car Spaces: 13 in total
  • Condition: New
  • Air Conditioning: Yes
  • Floors: Commercial grade carpet floor tiles
  • Height: 2.7 metres approx
  • Age: As new
  • Car Parking Fees: NA
Outgoings
  • Water Rates: $700.00
  • Land Tax: $0 (single holding basis )
  • Council Rates: $1,112.65
  • Owners Corp. / Insurance: $2,990.00
Croydon Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6164 $335 5.43%
Offices $4753 $323 6.80%
Industrial $4739 $212 4.46%
This is the average advertised price, rent and yield for Croydon, VIC 3136*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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.
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Property Detail Notes:

  • 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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