Epping
Epping VIC 3076, Australia
For Sale, Hot $5,000,000 - Commercial, Land
850 sqm

SPACIOUS 800m² OFFICE SITUATED IN THE HEART OF EPPING

 

HIGH STREET,EPPING VIC 3076

Price: $5,000,000

MAKE US AN OFFER TODAY!

*** PERFECT FOR BLUE CHIP INVESTMENT OPPORTUNITIES***

– Major lease available for semi-government tenants
– Building Area size is approximately 800 square meters
– Land Area Size is approximately 850 square meters
– Has potential to be fully leased for a net rental of $238,000 per annum plus GST
– Tenants pay all outgoings (except for land tax)
– The office is compliant with government office regulations

*** PROPERTY DESCRIPTION ***

Suite A ( Available For Lease )

Ex- Leasee: AMES Australia
Proposing Rent: $180,000 per annum + GST
Proposal Outgoings: All proportionate outgoings (except land tax)
Permitted Use: Training, Employment Services and Associated Offices
Rent Reviews: Annual fixed 3.5% increases
Available area: 560 square meters
Office amenities include: a kitchen filled with a variety of appliances, air conditioning and bathrooms with shower-rooms.

Suite B

Currently leased to: Sarina Russo Job Access Australia.
Lease Commenced: 1 July 2021
Current Rent: $52,000 pa + GST
Outgoings: All proportionate outgoings (except land tax)
Options: One & One &Two years
Rent Reviews: Annual fixed 3.5% increases
Occupied area: 158 square meters

Suite C

Currently leased to: A private occupant
Lease commenced: 1st July 2021
Lease Term: Two (2) years
Rent payable: $6000 pa
Outgoings: No outgoings are payable
Options: Two further terms of Two (2) years each
Permitted Use: Storage Room
Occupied Area: 20 square meter

Situated in a tightly held location, this blue chip investment represents a fantastic opportunity to acquire a building with one of the largest single holding frontages within the High Street Epping Village Precinct.

This strategically positioned office has massive potential for redevelopment into a mixed used zone for residential and business use. A planning scheme amendment in March 2015 changed the site into an Activity Centre Zone, thus paving the way for a potential 25m, 8 storeys high, building height limit.

Suite A, the largest office of the building was previously occupied by AMES, a semi-government. The building was substantially refurbished prior to their occupancy in 2015. The previous tenant was primarily funded by contracts and grants provided by the Federal and State government and were involved in the employment and education sectors.

Suite B, the second largest office is currently leased to Sarina Russo Job Access Australia. The company is a government-funded business also involved in the employment sector.

Suite C is currently being leased by a private business utilizing the convenient location for storage purposes.

*** Local Area Information ***

Located approximately 20km north of Melbourne CBD, the office is easily accessible from the city via the Metropolitan Ring Road and Hume Freeway with options of a scenic route straight up High Street through the Northern suburbs.

The office location, Epping is an increasingly, fast-growing suburb with many opportunities for development. This spacious office has excellent exposure, situated in the heart of the Epping – minutes away from Epping Pacific Plaza, Costco and the Northern Hospital.

The property is handy to the Cooper Street Employment Precinct where over $600 million dollars was committed by the Federal and State governments for the construction of the Melbourne fruit Vegetable & Flower Market. This Melbourne market is set to turn over $2 billion dollars annually.

*** Schools Nearby ***

– St Peter’s Parish Primary School / Primary Catholic / 0.25 km
– St Monica’s College / Secondary Catholic / 0.42 km
– Epping Primary School / Primary Government / 0.47 km
– Epping Secondary College / Secondary Government / 0.77 km
– Lalor North Secondary College / Secondary Government / 1.36 km

Contact Sunny on 0422 060 234 / 9663 0988 FOR FURTHER DETAILS.

 

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Sunny Lu