New 5 Year Lease to 2028 | Versatile Metro Office
1A/387-389 Springvale Road , Springvale VIC
Burgess Rawson is pleased to offer to the market 1A/387-389 Springvale Road VIC for sale via our Investment Portfolio Auction 165.
+ New 5 year lease to 2028 to proven Educational provider.
+ QS Education: highly reputable educational provider operating out of nine locations across Melbourne and over 10+ years experience.
+ Landlord friendly Net lease structures, with tenants responsible for usual outgoings as per leases.
+ Fixed 3% annual rent increases, ensuring rental growth.
+ Impressive 498*sqm ground floor office with kitchens, amenities and more.
+ Prime frontage and exposure to Springvale Road with 26,000* vehicles passing daily.
+ Important 17 on title car spaces.
+ Surrounded by important social infrastructure including 24 schools, servicing a combined 20,133 full-time students, within a 3km radius. **
+ Offering includes long term tenant LabourForce on monthly lease (195sqm) – re-let or self occupy.
+ Situated amongst key national retailers such as Chemist Warehouse, Woolworths and BWS and immediately opposite Springvale Police Station.
+ Springvale: busy bustling established suburb some located 22km south-east of Melbourne CBD.
+ Net income: $123,732 pa* + GST.
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne VIC
** gap maps