Smashing Investment with Development Upside
Ray White Commercial Glen Waverley in conjunction with the Ray White network, are pleased to offer an exciting investment with development upside.
This tenanted investment enjoys both a lease with approximately 2.5 years remaining along with the added benefit of recent planning changes. These new overlays offer great future development potential for up to 4 levels (STCA), however should you wish to invest and hold the property it has great track record and also strong rental potential into the future.
Other benefits include:
• Land: 739m2* Building : 600m2*
• Zoning: Commercial Zone 1 (CZ1) with Design Development Overlay 4 (DDO4)
• Lease: 5 year lease as of September 2014 with no further options.
• Current rent: $39,320 per annum plus outgoings plus GST
• Potential for development of up to 3-4 levels STCA
• Potential for dual active frontages, one backing onto Lilydale Marketplace.
• Ability to continue relationship with existing occupier
For all additional information including IM’s and Contracts please contact Ryan Trickey 0400 380 438 or Ben Ainsworth 0412 534 028.
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