Offices | Retail

POINT OF INTEREST:

Sitting at eye level but well above the rest, this 304 sqm* retail and clever office investment is home to JMSR Australia has been operating here for over 10 years. Having just re-signed another five-year lease with a further 5 years to follow, a income of $113,850.12 per annum (as of March 2023) will supplement your investment efforts.

On the outside, the explicit frontage to Princes Highway / Dandenong Road means exposure to 23 million cars annually, or 63,000 daily, for an asset and a billboard in one. The building rubs shoulders with major retail players like Officeworks, Moor Room Self Storage, Carnegie Central Shopping Centre, Zap Fitness and more with a 100% occupancy rate along the entire retail strip. Easy access by car or public transport, with the Carnegie railway station only a ten-minute walk away and the M1 getting you into the CBD in half an hour.

- Currently leased to JMSR Australia Pty Ltd for over 10 years.
- Tenant about to invest over $150,000 approx. in substantial internal fit out & face lift.
- Just renewed lease term of 5 years (1st March 2022) with another five-year option to
follow.
- Leased income of $113,850.12 per annum (1st March 2023).
- 304 sqm* total building area.
- 3 car spaces on title & substantial customer car parking on site.
- Ducted heating and cooling throughout.
- Commercial 1 zoning.
- 500 m* to Carnegie railway station.
- 1.4 km* from the Monash Freeway.

POINT OF VIEW:

With the hard work already done for you and a tenant about to tip in substantial capital on your fit out, this investment asset is just missing one thing: An account to deposit the rental income into.

*Approx.
Pricing excludes GST