The Investment:
– New 2 + 3 year lease from 01/12/23
– Leased to Action Drama Studio
– A long established business with other locations throughout Melbourne
– Returning $30,000 per annum
– Tenant pays all outgoings (excluding land tax)
– Fixed 4% reviews annually, security deposit and Director guarantees
The Property:
– 102 sqm first floor corner suite
– Regular shape and bathed in natural light
– Broad Activity Centre zoning
– Carpeted and air conditioned throughout
– Multi-purpose space – ideal for office, studio, or medical
– Shared bathrooms and kitchenette on the floor that are immaculately presented
The Location:
– High profile Activity Centre zone of Greensborough
– Directly opposite the Greensborough Hotel
– Very short walk to the train station and Greensborough Plaza, which is a 70,000 sqm major regional shopping centre with 170 + shops and cinemas
– Surrounded by new residential mini towers, strip retail and office buildings
– Solid suburban demographic, 20 kilometres northeast of the Melbourne CBD, and near the Metropolitan Ring Road
– The median Greensborough house price is $980,000, which has increased from $800,000 five years ago
