The forthcoming sale of 12 Lakeside Drive, Burwood East provides investors with a rare opportunity to acquire a modern office building, securely leased to the Victorian Government, in one of Melbourne’s most recognised office locations, Tally Ho Business Park.

The property is fully leased to VicRoads who have occupied the building since it was constructed to meet their requirements in 1996 having identified this as a strategic location to service the growing demands of the eastern and south eastern areas of Metropolitan Melbourne. VicRoads has just exercised its second option and will commence a five (5) year lease term from 14th June 2013 paying a rental of $1,479,615 pa plus outgoings.

The three (3) level, 4,509m² office building sits on an exceptionally large site of 1.711 hectares. This site provides some 350 car spaces to cater for both VicRoads staff and the many thousands of Victorians who visit the Metropolitan South East Regional Office each year. VicRoads occupancy of the property over the past 16 years and recent exercise of option, underscores its commitment to the location and what has been a highly suitable building to date and should be for many years to come.

Conjunctional Agents, Colliers International and Fitzroys are pleased to offer 12 Lakeside Drive, Burwood East for Sale by Expression of Interest closing Tuesday 26 February 2013 at 2pm. Inspections and further information are available from the conjunctional Selling Agents.

- NLA 4,509m² (approx) + 350 on site car spaces
- Large site of 1.71ha (approx)
- 3.5-star NABERS Energy rating
- Rent $1,479,615 pa + outgoings from June 2013
- New five (5) year lease from June 2013