 | Price: $6,000,000 Net Income: $279,000 pa Lease Term: 5+5+5 years Reviews: 3.75% pa NLA: 630sqm 14 cars Land Area: 842sqm Lessee: Epson Australia Pty Ltd Vendor: Forza Capital Purchaser: Local Private Zoning: Commercial 1 Sale Process: Sold off market, during COVID-19 period. Analysis: Building - $9,524/sqm Land - $7,125/sqm Yield - 4.65% Sold By: Paul Burns - Fitzroys 61 412 244 274 burnsp@fitzroys.com.au | ||
90 Camberwell Road, Hawthorn East Sold Off Market to Local Private Investor | |||
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Description: A refurbished office/showroom, fully leased to a secure multinational tenant, Epson. (Epson are currently fitting out the premises). The property sold as a passive investment however has excellent redevelopment potential for a much higher density development in the future. Location: The property is in a high profile, inner eastern location, 8kms from the Melbourne CBD and 800m from the Burke Road Retail/Commercial precinct. Surrounding uses are predominantly medium density office and residential developments, a number of which are under construction. *Purchaser to pay lease incentive | |||