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86-88 Balcombe Road Mentone, VIC 3194

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86-88 Balcombe Road,
Mentone, VIC 3194

Shops & Retail • Offices

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DOUBLE DIGIT YIELD - 12 YEAR LEASE

  • Immediate Sale
  • 10% net return
  • 12+5+5 year lease
To be sold via deadline Private Sale closing Thursday 31st July 2014 (if not sold prior)

This long term high yielding investment, trading as Genesis Fitness Club, is located in the heart of Mentone close to shops, restaurants and opposite Mentone Train Station.

- Exceptional return of 10% net
- Blue chip tenant trading as Genesis Fitness Club
- Area: 2,245sqm* + 70 basement car spaces on title
- Twelve (12) + Five (5) + Five (5) year lease
- Current net rental $617,375 pa* + GST
- Secure six (6) month bank guarantee
- Significant tax depreciation benefits
- Huge frontage and tenancy exposure to thriving retail shopping strip
- Long term high yielding investment with secure cash flow
- Must be sold - Call Now!

For more information or to inspect the property, contact Tim Grant or Marcus Quinn.


*Approx

Property ID: 501072147Last Updated: 1 Mar 2021

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03 8545 86...
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86-88 Balcombe Road
Mentone, VIC 3194
Knight Frank - Eastern Office
Level 3 10 Nexus Court
MULGRAVE, VIC 3170

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