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Jones Real Estate - MELBOURNE

71 Mackie Road Mulgrave, VIC 3170

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71 Mackie Road,
Mulgrave, VIC 3170

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Price information

Sale - Auction Fri 12 Nov

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Key property information

Floor area

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$65,205
Number of Tenants
1 Tenant
Tenants / Type
Mackie Mulgrave

Auction

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Jones Real Estate - MELBOURNE
Tim Spargo
Paul Jones
Sam Guest
Luke Peric

Jones Real Estate - MELBOURNE

Level 2, 90 William Street
MELBOURNE, VIC 3000
Jones Real Estate - MELBOURNE
71 Mackie Road
Mulgrave, VIC 3170

Map of 71 Mackie Road

Directions
  • Train stations within 5 km of 71 Mackie Road, Mulgrave, VIC 3170Distance
    Westall Station2.2 km
    Springvale Station2.7 km
    Clayton Station3.3 km
    Sandown Park Station3.6 km
    Noble Park Station4.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 71 Mackie Road, Mulgrave, VIC 3170Distance
    Mackie Rd/Springvale Rd (Mulgrave)112 m
    Miles St/Springvale Rd (Mulgrave)223 m
    Seaview Cres/Springvale Rd (Mulgrave)428 m
    Wilma Ave/Springvale Rd (Mulgrave)612 m
    Wellington Rd/Springvale Rd (Mulgrave)663 m
    POWERED BY HERE ©
POWERED BY HERE ©

YOUR NEXT SECURELY LEASED BLUE CHIP TENANTED INVESTMENT

  • LEASED WITH OPTIONS UNTIL 2040
  • RETURNING $65,205 PER ANNUM ++
  • SUBJECT TO 3.5% INCREASES ANNUALLY
Jones Real Estate is pleased to offer for your consideration, 'Mackie Mulgrave'- 71 Mackie Road, Mulgrave.

This blue chip commercial investment is leased on an initial ten (10) year term until August 2030, with further options until 2040 and is subject to 3.5% rental increases annually.

This securely leased, dual story, freehold blue chip investment is situated in the heart of Mulgrave. The property itself is not only surrounded by a large loyal residential catchment, but also by trusted commercial office tenants such as Audi, Beacon Lighting, Vic Roads, Moffat, Mercedes-Benz, and Kmart's Head Office.

Operated by multi venue operators with an extensive and proven track record, 'Mackie Mulgrave' has undergone a comprehensive renovation and refurbishment to present as the blue chip commercial investment it is today.

Key highlights of this securely tenanted blue chip investment include;

- Prominently positioned on a key corner landholding of 186sqm* situated in the tightly held Mackie Road Shopping Strip

- Dual story freehold offering 178sqm* of building area with access to eleven (11) on-street car parks

- Offering over 37 metres* of combined street frontage to Mackie Road and Medoro Grove with additional rear laneway access

- Securely leased to experienced and successful multi venue operator with a passing net rental of $65,205 per annum plus GST and outgoings

- Ten (10) year initial lease expiring 31st August 2030, with a further two (2) additional five (5) year optional terms and is subject to 3.5% increases annually

- The property is secured by a six (6) month bank guarantee & director's guarantee further safeguarding the investment

- Favourable Commercial 1 Zoning (C1Z) allowing for multi-level development potential (STPA)

- Positioned on the doorstep of the Monash Freeway, Eastlink, Wellington Road, Ferntree Gully Road, Springvale Road, Princess Highway and Blackburn Road

For Sale via On Site Public Auction on Friday 12th of November 2021 at 1pm.

*approx.

For further information please contact the exclusive selling agents.

Property ID: 503925294Last Updated: 15 Oct 2021

Agency contacts

Jones Real Estate - MELBOURNE
Level 2, 90 William Street
MELBOURNE, VIC 3000
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