Fully Leased Commercial and Medical Investment
Fitzroys and Savills are delighted to offer for sale this premium freehold investment, situated in the heart of Glenroy’s primary commercial precinct at 789 Pascoe Vale Road, Glenroy.
This property represents a fantastic opportunity to acquire a first class commercial and medical investment that is fully leased to three highly regarded tenants.
The key attributes of this opportunity include: - Premium two storey freehold of 1336sqm* - “Commercial 1” landholding of 910sqm* - 100% leased with a rental of $499,691 pa - Secure long leases with 8+ year WALE (As at 1 June 2019) - Blue chip tenants Commonwealth Bank, Ray White, Modern Medical (Zenitas Healthcare) - Entire building fully refurbished in 2017 - Future redevelopment and value-add potential (stpa) - Adjacent large council carpark opposite Glenroy Railway Station.
For Sale by Expressions of Interest closing Wednesday 26th June at 2pm.