The Building
* Two level retail and office building
* Freehold title on 163 sqm land area, broad Commercial 1 zone
* 322 square metres of gross floor area across the two floors
* 239.5 sqm of net lettable area with additional common areas and 40 sqm secure garage
* Divided into three tenancies – ground floor and 2 x first floor
* Internal garage with rear lane access
* Solid brick construction
* Lots of amenity within the building
* Functional and regular shaped
* Affordable rentals which are always easily rented, opposite the train station and surrounded by car parking and amenity
* Low outgoings for the tenants
The Return
* Ground floor – 106 sqm, returning $35,190 pa net, expiry 11/09/25
* First floor – 83.5 sqm, returning $27,000 pa net, expiry 02/07/25
* First floor – 50 sqm, returning $24,035 pa net, expiry 28/02/26 plus 3 year option
* Combined return of $86,225 per annum net
The Location
* Popular Mount Waverley commercial and retail hub
* 100 metre walk to Mount Waverley train station
* Positioned just off Stephensons Road, easy access to all interlinking traffic routes
* Surrounded by amenity and car parking
* Solid eastern suburbs demographic
* Mount Waverley median house price of $1,638,000 and median unit price of $1,076,500 (via realestate.com.au)
