Colliers International is pleased to offer 149-157 Whitehorse Road, Deepdene For Private Sale.

Located only 10 kilometres (approx.) east of the Melbourne CBD, 149-157 Whitehorse Road, Deepdene is an asset that is rarely offered to the market and this strategic land holding will continue to prove itself for many years to come.

Prominently positioned on the corner of Whitehorse Road and Leonard Street directly opposite the Deepdene Park is this purpose built two storey gymnasium facility tenanted by Goodlife Operations Pty Ltd. This low maintenance investment has a well-structured lease expiring on 31st August 2021 with three (3) further options of five (5) years each. The net income as at 1st September is $494,686 per annum (approx), and there is in-built rental growth of 3.5% annually. The property’s value is underpinned by the corner location, land area of 1,269m² and Commercial 1 zoning allowing for multiple future uses including mixed use redevelopment (STCA).

Key attributed of the offering include:

• Quality built two storey building
• High exposure to Whitehorse Road
• Two street frontages with a land area of 1,269m² (approx.)
• Terrific tenancy profile and well-structured lease
• Off-street car parking for 40 cars
• Surrounded by high profile businesses, schools, public transport and parks
• Zoned Commercial 1

For more information on the above property please contact the exclusive selling agents at Colliers International.