Lot 4/47 Watts  Drive Varsity Lakes
Office

Lot 4/47 Watts Drive
Varsity Lakes 4227

Sold - $1,900,000
    • 8
    • 290
    • 290
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Lot 4/47 Watts  Drive Varsity LakesSold
Sold - $1,900,000
  • 8
  • 290
  • 290

Sold by Adam & Tony Grbcic

Sold

Fri 26 May

More Information

Please contact agent for further details

Lot 4/47 Watts  Drive Varsity Lakes
Lot 4/47 Watts  Drive Varsity Lakes
Lot 4/47 Watts  Drive Varsity Lakes

Adam Grbcic & Tony Grbcic from Kollosche Commercial are proud to present to the market, Lot 4/47 Watts Drive, Varsity Lakes.

'The Point @ Varsity' comprises a three (3) storey commercial building that has been strata titled into four commercial offices and offers above-ground and basement car parking.

Lot 4 is situated on the ground floor of "The Point @ Varsity" and is tenanted to the Commonwealth of Australia. Offering wide window frontage and high exposure, the highly visible tenancy makes up the majority of the ground floor area.

Lot 4 offers the following key attributes:

- Total Net Lettable Area: 290m²*

- Car Parks: 8

- Currently undergoing an extensive fit out upgrade which will provide state of the art fit out works

Lot 4 offers the following key investment drivers:

- Tenant: The Commonwealth of Australia

- Lease commencement: 01.04.2023

- Lease Expiry: 31.03.2028

- Term: 5 years + 5 year option

- Annual Reviews: CPI

- Current Net Income: $110,785.73 + GST per annum

4/47 Watts Drive is offering all the key metrics to the ideal investment property for those seeking a set, forget and very secure opportunity. The property also has further value add potential.

For more information, please contact the exclusive marketing agents Adam Grbcic & Tony Grbcic from Kollosche Commercial.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Tony Grbcic

Tony
Grbcic

Commercial Sales

Just Real Estate Investments Pty Ltd

Adam Grbcic

Adam
Grbcic

Commercial Sales

AG Real Estate Pty Ltd

Property Features

  • Air Conditioning
  • Area Views
  • Close to Transport
  • Close to Shops
  • Alarm System
  • Water Front
  • Close to Schools
  • Water Views
  • River Views
  • Security Access
  • Lift Installed
  • Car Parking - Basement
  • Car Parking - Surface
  • Existing Fitout
  • Security System
  • Toilet Facilities
  • Office

Outgoings

  • Council Rates - $1621.64 per year
  • Water Rates - $3654.51 per year
  • Strata Rates - $14700 per year

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