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SOLD

677 The Boulevard, Eaglemont, VIC, 3084

Development Potential
DETAILS
Office Investment with Strong Repositioning/Redevelopment Potential
  • 100% leased to govt. funded tenant
  • Large C1Z land holding of 9,020m²*
  • Net passing income of $1,055,065 p.a*

Colliers International is pleased to present 677 The Boulevard, Eaglemont for sale by Expressions of Interest closing Thursday 17th December 2020 at 3pm.

This suburban office building, located adjacent to Heidelberg Activity Centre & Medical Precinct, comprises a single level of office space with spectacular natural light plus one level of basement parking.

This opportunity is 100% leased to Berry Street, one of Australia’s largest independent family service organisations and comes with a WALE of 3.0 years (approx.). Benefitting from an underlying Commercial 1 land holding of 9,020m², secure income and strong future value add and redevelopment potential this exceptional opportunity should not be overlooked.

Key features of this opportunity are highlighted below:

· Standalone metro office building with a total Net Lettable Area (NLA) of 3,216m²* with 127 onsite car spaces

· 5 year lease expiring November 2023 with a secure net passing income of $1,055,065 p.a

· The building is 100% leased to Berry Street Victoria Incorporated, one of Australia’s largest independent family service organisations with a history spanning 143-years

· Commercial 1 zoning which supports varying future uses and outcomes including continued office use, retail, residential or a combination of uses (STCA)

· Prominent position, with frontage of 82.2m* to Banksia Street, surrounded by an abundance of public parks and open spaces

· Adjacent to Heidelberg Activity Centre & Medical Precinct which includes; Heidelberg Hospital Precinct, Burgundy Street retail strip and public transportation modes

· NABERS exempt

*Approx

  For further information, please contact the exclusive selling agents at Colliers International.

Joe Kairouz
+61 421 430 638

Hamish Burgess
+61 421 641 497

Trent Hobart
+61 433 196 452

Peter Bremner
+61 412 326 942

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
EOI:
Closing Thursday, 17th December 2020 at 3pm
Property Area
AREA:
9020 m² (*approx)
Property Type
TYPE:
Commercial, Residential,
Development Potential
DEVELOPMENT APPROVAL:
Office Investment with Strong Repositioning/Redevelopment Potential

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677 The Boulevard, Eaglemont, VIC, 3084

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