Attention Investors & Owner Occupiers! A well presented commercial investment available for Immediate Private Sale closing 9th October 2019 at 3pm. Located in one of Notting Hill's best business estates, this modern ground & 1st floor office/warehouse features an extensive fit out and benefits from great natural light.
The property has been leased to long standing tenant Save Time Visuals for over 9 years! Save Time Visuals are a leading audio visual equipment supplier established in 1991 and have over 24 years of industry experience. For further information in relation to the tenant refer to their website www.savetimevisuals.com.au
Conveniently located near major roads such as Ferntree Gully Road and Blackburn Road, the property is just 1.5kms* from the Monash Freeway entry and exit points (Blackburn Road). Located next door to Monash University, the Notting Hill precinct is traditionally known for attracting countless business with affiliations to the University and a requirement to be located closely to it. Those businesses usually possess high staff numbers with low storage needs and are technology based suiting larger office components with in properties like this one.
Key features of the property include:
- Total building area: 436m2*
- Fully permitted ground & first floor office of 330m2*
- Reception area, staff amenities, board & meeting rooms, partitioned & open plan spaces
- Warehouse area of 106m2*
- Ten (10) car spaces on title (well above the usual amount for industrial)
- Tenant in occupation for the last nine (9) years
- Current term lease commencement: 11th October 2018
- Terms: 3 years with no further options
- Rental $68,395.60 per annum plus outgoings & GST (as of 11th October, 2019)
- A presentation first estate and one of the area's finest
Become an investor in Notting Hill, arguably one of Melbourne's most tightly held commercial precincts.
*Approx.
Pricing excludes GST