Office Investment with Strong Repositioning/Redevelopment Potential
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
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