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Set And Forget Investment Freehold
Expression of Interest: Offers Close Tuesday 8th December at 3pm (Unless Sold Prior)
461 Ironbark Road Yarrambat, a well-known landmark in a pocket on the fringe of a rapidly expanding growth corridor, delivers an opportunity for an astute buyer to purchase an attractive and make the most of a set and forget investment with a quality tenancy mix.
Set on an allotment of around 4007 m2, in a premium position with a spectacular outlook to the distant ranges, Diamond Creek, Doreen and South Morang all readily accessible and currently enjoying low-density residential zoning, it offers a brilliant mix of current and future prospects.
Current total returns are a very impressive $118,000 approx p/a
Tenant Mix:
• Tancks Corner. Iconic local café held by an experienced operator with an enviable reputation for quality meals Lease $49,866 p/a plus GST
• Post Office. Experienced lessee. Lease $30,349 p/a plus GST
• Shed A Lease $5,200 inc. GST
• Shed B (both used by separate business tenants) Lease $5,200 inc GST
• Three bedroom house Recently refurbished to introduce luxurious contemporary spaces including two designer bathrooms, a deluxe stone kitchen showcasing Miele and De Dietrich appliances, and an outdoor entertainment area with spa. Lease $28,600
Contact Peter Kleeman or Graham Morrison for specific details on individual lease arrangements, tenant outgoings etc
***PHOTO ID REQUIRED AT OPEN FOR INSPECTIONS***
461 Ironbark Road Yarrambat, a well-known landmark in a pocket on the fringe of a rapidly expanding growth corridor, delivers an opportunity for an astute buyer to purchase an attractive and make the most of a set and forget investment with a quality tenancy mix.
Set on an allotment of around 4007 m2, in a premium position with a spectacular outlook to the distant ranges, Diamond Creek, Doreen and South Morang all readily accessible and currently enjoying low-density residential zoning, it offers a brilliant mix of current and future prospects.
Current total returns are a very impressive $118,000 approx p/a
Tenant Mix:
• Tancks Corner. Iconic local café held by an experienced operator with an enviable reputation for quality meals Lease $49,866 p/a plus GST
• Post Office. Experienced lessee. Lease $30,349 p/a plus GST
• Shed A Lease $5,200 inc. GST
• Shed B (both used by separate business tenants) Lease $5,200 inc GST
• Three bedroom house Recently refurbished to introduce luxurious contemporary spaces including two designer bathrooms, a deluxe stone kitchen showcasing Miele and De Dietrich appliances, and an outdoor entertainment area with spa. Lease $28,600
Contact Peter Kleeman or Graham Morrison for specific details on individual lease arrangements, tenant outgoings etc
***PHOTO ID REQUIRED AT OPEN FOR INSPECTIONS***
