Showrooms | Offices

Property ID: 387999

 

INVEST WELL IN THE WEST

102, 22-30 Wallace Avenue, Point Cook, VIC 3030

POINT OF INTEREST:

Private Sale closing Thursday 27th May 2021. All offers due by 3pm unless sold prior.

Within a prominent pocket of Point Cook, is this opportunity to buy an investment with a company that is flowing in more ways than one. Tenant Western Wellness are six years into a 10-year lease, with the option of two further terms of five years.

This 180 sqm* space is located on the corner and includes seven on-site car spaces plus heating and cooling. With exposure to the Princes Freeway and the Williams Landing railway station, there are thousands of commuters passing daily. Strata titled, with a host of well-established retailers on the block, including cafes and restaurants for staff, this yoga studio is sure to create a strong position for you moving forward in the years to come.

- Total building area of 180 sqm*.
- Established tenant "Western Wellness Yoga"
- Leased until 2025 with two further terms of five years.
- Investment returning $49,196.52 p.a. with annual CPI increases.
- Ground floor showroom/office space.
- Seven on-site car spaces.
- 190 m* to Williams Landing railway station.
- Adjacent to the Princes Freeway.

POINT OF VIEW:

A short stretch west on the currently developing West Gate Tunnel Project, or a longer one here, if you can hold it.


*Approx.
Pricing excludes GST

Sold

$760,000

Matthew Alderman

Tom Lund