5 Star Investment with Enormous Upside!
SOLD by Miles Real Estate
This strategically positioned site adjacent to Ivanhoe Plaza and the Ivanhoe Commercial precinct offers a very attractive income stream to a quality medical tenancy with a long established practice, with potential to capitalise on the tremendous potential in the medium term.
- Land area: 1,784 sqm (approx.)
- Leased to Qualitas Australia Pty Ltd trading as Ivanhoe Medical Centre
- Five year lease plus option
- Returning circa $275,000 pa (gross)
- Annual rent reviews
- 18 metre frontage and rear right-of-way
- Zoned General Residential Zone - Schedule 1
- 8.5 kms from Melbourne's CBD
- Ivanhoe Plaza incorporates Coles, Bakers Delight, Degani and various National Brand retailers
- Minutes to a multitude of schools and Ivanhoe Train Station
Terms: 10% Deposit, Balance 60/90/120 Days
Sales / Leasing Consultant / Auctioneer
