2 & 3/47 Wangara Road,
Cheltenham, VIC 3192
Key property information
Map of 2 & 3/47 Wangara Road
An Investment Worth Reading About
- BRAND NEW 5 YEAR LEASE + OPTIONS
- NET INCOME: $177,000 P.A
- ANTICIPATED RETURN 7%
Located in the South East's hottest and most in demand commercial precinct, the Bayside Business District, this long term commercial investment is well worth reading about:
Tenant: Hawker Brownlow Education Pty Ltd (Owned by international company Solution Tree)
Lease Term: Brand new (5) five year lease to 31 December 2024
Options: Three (3) x Two (2) year terms extending to December 2030
Net Rental: $177,000 per annum
Anticipated return: 7%
Outgoings: Payable by tenant as per the lease
Rental Increases: Fixed annually 1.5% per annum
Reviews: Market rental reviews at options
Total Building Area: 1,472sqm approx
Two titles to be sold as one
Thriving Bayside location
The Bayside Business District is home to the likes of ALDI, Westfield Southland, Fitness First, Cosh Living and Wilson Storage. Dan Murphy's and Bowen Timber are also opening soon.
With major roads nearby providing direct access to affluent suburbs such as Beaumaris, Black Rock, Sandringham and Brighton, this is unquestionably a premium location for investing.
For further details and inspections contact:
JAMES GLEN 0401 493 2...
NB: All measurements and information is approximate. All images are subject to copyright.
Property ID: 503132946Last Updated: 26 Oct 2021