Elders Commercial is pleased to present to the Investment Market level 1, 28 Fortescue St Spring Hill, for sale for $1.2 Million.
Very rarely do secure investment opportunities in the sub $1.5 M price range surface to the market within prime inner-city commercial hubs walking distance to the CBD.
The opportunity is unrivalled in the marketplace and we encourage all Investors to seriously consider this astute investment opportunity.
Key features of the offering include:
Full floor, 316 sqm A-Grade office with 4 car parks
Functional layout with excellent natural light
Leased to Daly International on a new 4 year lease commencing 1st May 2016
Healthy net return of $83,982.48 p.a
Annual 4 % increases on office and car park income. Projected gross income of $117,435.79 in year 4!
Potential to increase rental upon expiry of lease. Evidence suggests current rental of $300/sqm gross is below market
Fantastic location within minutes of Roma St & Central Train Stations, numerous bus stops, cafes, restaurants and diverse retail amenity
High quality secure investment opportunities in the sub $1.5 M priceRead more
Lot/Plan No: 3/BUP6349