Share this property

realcommercial.com.au

Level 1, 33/93 Wells Road Chelsea Heights, VIC 3196

Directions

Level 1, 33/93 Wells Road,
Chelsea Heights, VIC 3196

Offices
Added 2 days ago

Price information

Sale

$370,000

Key property information

Floor area

Tenure type

Private inspections

to arrange a private inspection.

Map of Level 1, 33/93 Wells Road

Directions
  • Train stations within 5 km of Level 1, 33/93 Wells Road, Chelsea Heights, VIC 3196Distance
    Edithvale Station2.4 km
    Chelsea Station2.6 km
    Aspendale Station2.9 km
    Bonbeach Station3.5 km
    Carrum Station4.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Level 1, 33/93 Wells Road, Chelsea Heights, VIC 3196Distance
    Enterprize Ave/Wells Rd (Chelsea Heights)84 m
    Bradina Ct/Amaroo Dr (Chelsea Heights)197 m
    Hartwood Ct/Wells Rd (Chelsea Heights)264 m
    Amaroo Dr/Wells Rd (Chelsea Heights)280 m
    Blue Gum Caravan Park/29 Wells Rd (Chelsea Heights)326 m
    POWERED BY HERE ©
POWERED BY HERE ©

7% Return – Long-standing tenant

Situated on one of the busiest roads in Chelsea Heights, exposed to over 20,000 vehicles daily amongst a diverse tenancy mix of medical professionals and professional services. This investment offers a high return, backed by a secure lease and a significant opportunity for rent reversion through CPI hedging.

Lease Details:

Tenant: Business Strategy Advisors Pty Ltd
Current Rental PA: $25,920 + GST (Gross)
Term: Five (5) years – commenced 05/10/2022
Options: Two (2) further terms of Five (5) Years
Rent Review: CPI Annually
Special Condition: Tenant pays $1,100 contribution towards outgoings annually

* Occupying for over 10-years!*

The tenant has been operating since 2011 as a chartered account offering a broad range of financial and advisory services. They have occupied within the "Benchmark Complex" corporate offices for over 10 years and have built a strong client base.

Location:

* Mordialloc Bypass: 1.3km*
* East Link: 12.9km*
* Peninsula Link: 7.5km*

Known as the "Benchmark Complex" the modern corporate suites offer great access from major arterials has elevator access. Located within a diverse tenancy mix and situated occupying next to complimentary occupiers such as Goodlife Health, MyCyro Wellness Centre, Wells Road Pharmacy and Dorovitch Pathology. The office has an abundance of on-site car parking and access to major arterials.

Chelsea Heights has seen significant growth in recent years, enhanced by the Mordialloc Bypass; growth has been bolstered by the suburb's family-friendly atmosphere, beautiful parklands, wetlands, and proximity to the beach. The area offers various amenities, including quality schools, shopping centres, and public transport options.

Key features include:

* 7% return
* GST exempt from sale price
* Income: $25,920 + GST (Gross)
* Office area: 76sqm*
* Long term lease with options
* CPI rent reviews
* Fantastic natural lighting
* Partition office and board room
* Ducted heating and cooling
* Natural lighting
* Lift access from the ground floor

For further information or to arrange an inspection, please contact the listing agent.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

Property ID: 504628664Last Updated: 2 Jul 2024

realcommercial.com.au logo
Level 1, 33/93 Wells Road
Chelsea Heights, VIC 3196
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from Nichols Crowder - Carrum Downs

Other properties you might be interested in based on the location and property type you are looking at.