QUALITY OFFICE PARK ON LARGE 2.62HA SITE

347-351 Burwood Highway, Forest Hill, Victoria 3131

Office For Sale

Expressions of Interest. EOI Date 5 Dec 2018
Land Area: 26,200.00 m2.    Floor Area: 10,692.00 m2.    

Description

Colliers International are proud to exclusively offer for sale 347-351 Burwood Highway, Forest Hill.

347-351 Burwood Highway, Forest Hill comprises a quality office park on a substantial 2.62ha Commercial 1 zoned site. Situated within Outer East office market, which is currently experiencing record low vacancy rates, escalating rental growth and extraordinary tenant demand.

Constructed on the land are two office buildings providing a total net lettable area of 10,692m²* and multi-storey car park plus additional at-grade car bays on site providing approximately 700 car bays.

This investment provides secure income with a 3.9 year* WALE and an enormous site providing future redevelopment potential (STCA).

Key features of the property include:

- 10,692m²* NLA over two buildings
- At-grade and multi-deck car park for 680 car bays*
- Recent capital expenditure and refurbishments of $12.75 million*
- 2.62-hectare Commercial 1 zoned site
- 100% leased (including rental guarantee) with a 3.9 year* WALE (as at 1 January 2019)
- Net passing income of $3.4 million per annum*
- Exempt and Mixed Use NABERS Energy ratings
Should you wish to arrange a building inspection, please contact the exclusive selling agents

*approx

Features

  • WALE of 3.9 years* (by income)
  • Net passing income of $3.4 million* pa
  • Located in the Tally Ho Business park

Transaction Details

02 May 2019
347-351 Burwood Highway, FOREST HILL VIC 3131, AUSTRALIA

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