Retail | Offices

POINT OF INTEREST:

To be sold via Public Auction on Tuesday 2nd August 2022 at 12pm onsite

Attention investors looking to buy into well-presented, well-executed, and well-done commercial property, this is your ticket in. Located on the ground floor of Caydon’s latest residential/retail development. Rise Apartments by Caydon is a brilliant asset to the Moonee Ponds area appealing to young families and well-off singles. This multi-use office hybrid leans into that demographic, with 75 sqm* of clever space leased to WP Real Estate, a boutique agency servicing the surrounding area in this location for the past two and half years.  Adjacent to the Moonee Ponds Train Station, this ground-floor spot has Margaret Street exposure advantages, but the corner position means you’re also capturing those travelling down Aspen Street, which allows for the opportunity for blatant signage for maximum exposure. Heating and cooling are included within the office area; one undercover car space is also allocated to this asset in the basement. First-time investors, super-fund investors, or retirees looking to make their mark on commercial property will recognise the boxes ticked here. Moonee Ponds resides 7 km* north-west from Melbourne’s CBD and has seen exponential growth in population over the past five years, mainly due to the uptake in trendy hospitality venues and retail boutiques. 

-    Currently tenanted to BBMCG P/L trading as WP Real Estate.
-    $30,400.26 per annum plus outgoings in leased income.
-    1-year lease agreement commencing 1st December 2021.
-    2 further terms of 1 year each with a 3% increase at the anniversary of each option.
-    75 sqm* total building area.
-    Activity centre zoning. 
-    Heating and cooling within the office area.
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