4 Watts Street,
Box Hill, VIC 3128
Shops & Retail
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Map of 4 Watts Street
Leased Investment with Approved Planning Permit
Auction | Thursday 13th June 2013 at 11.30am on site
Rare opportunity to secure a 2 level office building in the heart of Box Hill with endless opportunities. The property is fully occupied to two long term tenancies on a new Three (3) year + Three (3) year lease providing an income stream whilst you take up the opportunity to develop the approved planning permit of 28 apartments and 2 offices. Both Tenants are aware of the development potential and therefore have signed the leases with a demolition clause enabling you to be in control of your investments future.
* Land Area: 723sqm (approx.)
* Building Area: 556sqm (approx.)
* Zoning: Business 2 Zone
* Approved Planning Permit: 28 Apartments & 2 Offices
* Total Return $113,000 per annum plus GST and Outgoings
Ground Floor
* Returning $55,000 per annum plus GST and Outgoings
* Term: Three (3) Years + Three (3) Years
* Reviews: 3% annually
First Floor
* Returning $58,000 per annum plus GST and Outgoings
* Term: Three (3) Years + Three (3) Years
* Reviews: 3% annually
Follow link for Information Memorandum -
http://www.raywhitecommercial.com.au/property-detail/967101?section=listing
For further details please contact Brett Diston 0439 365 5... or David McGuinness 0433 322 443
Rare opportunity to secure a 2 level office building in the heart of Box Hill with endless opportunities. The property is fully occupied to two long term tenancies on a new Three (3) year + Three (3) year lease providing an income stream whilst you take up the opportunity to develop the approved planning permit of 28 apartments and 2 offices. Both Tenants are aware of the development potential and therefore have signed the leases with a demolition clause enabling you to be in control of your investments future.
* Land Area: 723sqm (approx.)
* Building Area: 556sqm (approx.)
* Zoning: Business 2 Zone
* Approved Planning Permit: 28 Apartments & 2 Offices
* Total Return $113,000 per annum plus GST and Outgoings
Ground Floor
* Returning $55,000 per annum plus GST and Outgoings
* Term: Three (3) Years + Three (3) Years
* Reviews: 3% annually
First Floor
* Returning $58,000 per annum plus GST and Outgoings
* Term: Three (3) Years + Three (3) Years
* Reviews: 3% annually
Follow link for Information Memorandum -
http://www.raywhitecommercial.com.au/property-detail/967101?section=listing
For further details please contact Brett Diston 0439 365 5... or David McGuinness 0433 322 443
Property ID: 500727983Last Updated: 13 Dec 2013
04393655...
4 Watts Street
Box Hill, VIC 3128
RWC - Diston Asset Services117 Canterbury Road
HEATHMONT, VIC 3135
HEATHMONT, VIC 3135
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