Office/Retail Investment – Leased To Merri Health
4/19 Pentridge Boulevard , Coburg VIC
Property Highlights
Description
Secure 5 year lease to Merri Health to 2022 plus option to 2025
Merri Health: Community health provider in 11 locations, with Revenue $32.5m 2016/17
Annual 4% rent increases – assuring growth
Tenant pays all usual outgoings
Brand new fit-out – circa $1.2M
Modern 834 sqm retail / office with triple frontage and exposure
Two (2) car spaces on-title
Adjacent to 6,000 sqm shopping centre incorporating full line supermarket, retail shops and 15-screen Palace Cinemas, currently under construction completion expected 2020
Substantial tax depreciation benefits
Coburg: booming inner city Melbourne suburb, 8kms north from CBD
Rent: $204,960 pa
Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne
Property Details