411 Burwood Highway, Vermont South

SECURE INVESTMENT PROPERTY WITH LONG RUNNING LEASE IN PRIME LOCATION!

Biggin Scott Real Estate, Glen Waverley proudly presents for sale 411 Burwood Highway, Vermont South under Residential Growth Zone - Schedule 1 (RGZ1)

In prominent corner position on well-known Burwood Highway this well-established investment property, currently leased to a long-standing tenant in Capital Radiology Pty Ltd, is seeking a new owner. Presently offering tenants a five-year lease from 1 December 2020 with a renewed rent of $4201.87 per month ($58,847.28 per annum) plus GST. The rent is subject to CPI review annually.
The same tenants started the lease since 2010 and it's a secure investment in a health-related precinct.

Currently operating as an advanced medical imaging clinic (Capital Radiology Vermont MRI) and perfectly located on a high traffic volume thoroughfare, this property has direct access to Burwood Highway tram stops and pedestrian crossings, easy reach to Vermont South shops, Forest Hill Chase and The Glen Shopping Centre, Glen Waverley & Nunawading train stations, Emmaus College, Deakin University, Presbyterian Ladies' College and zoned to Highvale Secondary College (STSA).

Key attributes:
•High exposure corner allotment
•Long standing tenant in Capital Radiology Pty Ltd since 2010
•Five year lease from 1 December 2020
•Current rent is $58,847.28 per annum plus GST
•Rent is subject to CPI review annually
•Reception space incorporating dual aspect waiting room
•Staff tea room with wet area
•Two private offices
•Two separate MRI rooms each with imaging control area
•Two change alcoves
•Large storeroom
•Disable access ramp
•Disabled access WC
•Carport with 3 parking bays plus one emergency vehicle parking spot
•Separate gated access from Consort Avenue
•Heating/cooling systems
•Alarm
•On-street parking
•Central location with direct access to Burwood Highway tram stops, pedestrian crossings and in easy reach of Vermont South shops, Forest Hill Chase and The Glen Shopping Centre, Glen Waverley & Nunawading train stations, Emmaus College Deakin University, Presbyterian Ladies' College.