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Dandenong CBD Investment Opportunity

274 Thomas Street, DANDENONG VIC, 3175

For Sale

Property for Sale in 274 Thomas Street, DANDENONG VIC, 3175

Cameron - Head Office (Industrial Dandenong)

3 Ordish Road, Dandenong South, VIC 3175

Listing ID:
11341686
Status:
Active
For:
Sale
Price:
$4,100,000
Last Updated:
08/10/2019
Icon building

Property Type

Offices
Icon square

Land Area

455 SQM
Icon size

Floor Area

1394 SQM
Icon parking

Parking

17

Dandenong CBD Investment Opportunity

Strategically located in the heart of Dandenong's CBD and within close proximity to Eastlink and Monash Freeway, this is an excellent opportunity to secure this tightly held office complex on the corner of Thomas and Scott Street.

Total building area of 1,394sqm split over 3 levels:
- Ground floor office of 462sqm (tenanted by Shine Lawyers)
- First floor 466sqm; Recently renovated and split into 3 separate office areas ranging from 92sqm to 131sqm (tenanted)
- Secure basement parking 466sqm with access via Scott Street

Ground Floor Tenancy:
- Shine Lawyers Pty Ltd
- 6 year Lease commenced 01/05/2017
- Rental return of $105,777 pa net
- Annual CPI increases (next CPI increase 01/05/2019)
- One further option of 5 years

First Floor Tenancy:
- 3 year lease
- One further term of 3 years
- Rental return of $105,000 per annum pa net

This equates to a total rental of approximately $210,000 per annum net.

Enquire now for more information.

For more details, please email agent

Cameron - Head Office (Industrial Dandenong)

3 Ordish Road, Dandenong South, VIC 3175


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