Xynergy Commercial in conjunction with Belle Property Commercial are pleased to offer these exceptional outstanding investments with corporate head office tenancies:
Suite 106 plus Suites 107 & 108 combined at 134-136 Cambridge St, Collingwood for Private Sale, currently returning $134,016 net in total.
A professional and well maintained commercial, strata-office building located in the centre of Collingwood's dynamic and eclectic Mixed Use precinct. The property is surrounded by renowned hospitality venues on nearby Smith Street and Gertrude Street, multi-level mixed use buildings and significant development activity.
Key Features:
Suite 1.06 (Lot 18)
- Leased to Strata Community Australia(Vic) www.strata.community since 2010
- Area: 146sqm approx internal kitchenette plus 2 undercover, secure car spaces
- Independent, ducted air conditioning
- Lift access
- Leased until 28 May, 2027 with 3 year option
- Current NET rental: $39,655 per annum plus GST ; increasing to $42,800 from 28 May, 2024
- 3% annual increases thereafter with a review to market value upon the commencement of the further term
Suites 1.07 & 1.08 (Lots 19 & 20) to be sold together on separate contracts
- Total Net Income $94,361 per annum plus GST
- Total Area: 313 sqm approx
- Leased to Capabuild Pty Ltd www.capabuild.com.au since 2019
- Impressive fully renovated modern fit-out including internal kitchen
- Adjoining large sunlit balcony
- Independent, ducted air conditioning
- Lift access
- Note: $119,850 as a total of Two (2) Bank Guarantees held as additional security for reinstatement of dividing, tenancy wall
Suite 1.07
- Area: 205sqm including outdoor balcony and 2 undercover, secure car spaces
- Current NET rental $63,172 per annum plus GST
- Leased until September, 2026 (Note: Tenant right to end lease upon providing at least 3 months written - notice on either 30 June 2024 or 2025 or 2026)
- 4% annual increases
Suite 1.08
- Area: 108sqm plus one undercover, secure car space
- Leased until September, 2026 (Note: Tenant right to end lease upon providing 3 months written notice on either 30 June 2024 or 2025 or 2026)
- Current GROSS rent $40,768 per annum (net rent: $31,189 per annum)
- 4% annual increases
Settlement Terms: 10% Deposit. Balance payable in 30/60 days or otherwise agreed.
Inspection by appointment only Agents in conjunctional.
