17 Mason Street, Newport, VIC 3015

Sold

Sold

POINT OF INTEREST:

For Sale Via Expressions Of Interest Closing 25th October at 12 midday. All offers must be submitted via Contract Of Sale.

Open For Inspection Times Below. You must notify an agent you are attending:

- Wednesday 18th October: 2:30pm - 3:30pm.
- Monday 23th October: 1:30pm - 2:30pm.

A prolific heritage pillar within the heart of Newport’s retail strip, this healthy investment into the West’s burgeoning pocket is just what the doctor (aka savvy portfolio) ordered. The heritage façade is as striking as the amenities within the freehold asset itself, thanks to the medical nature of the fit-out and current tenant. The 180 sqm* includes four consultation rooms (or offices), a reception area, a foyer, a meeting room, and a server room. There are excellent disability considerations whilst comfort from a air conditioned / heated split system in every area. There are 4 car spaces allocated at the rear and accessed via a remote roller door, and the smart security system just reinforces the reliability.

Mason Street Psychology commenced their operations here in 2019 and have just renewed their lease on the 1st July 2023 for another 3 years with options with an leasing income of $40,950 per annum.

Sitting within the heart of Newport’s retail hotspot, your direct neighbours are the Newport Library, Cellarbrations, and The Backyard café with a serious eggs benedict fanbase. But the location linchpin could be Newport railway station, sitting two minutes walk from this building’s doorstep. The West Gate Freeway is merely 1.8 km* away and can seamlessly connect you to the Citylink, whilst Geelong Road sits 4 km* from here and will lead you further west.

- Freehold title of 186 sqm* in total land area.
- Leased to a medical tenant, Mason Street Psychology, since 2019.
- Income: $40,950 per annum.
- Terms: 3 x 3 x 3 years.
- 180 sqm* of freehold medical-grade building space.
- Commercial 1 zoning.
- 4 off-street car parks with plenty of customer street parking.
- Excellent disability amenities.
- 140 m* to Newport railway station.
- 1.8 km* to the West Gate Freeway.

POINT OF VIEW:

11 km* from the CBD, yet so uniquely original amongst its surroundings. This inner west medical investment is the equivalent of a clean bill of health: Valuable beyond compare.

*Approx.
Pricing excludes GST

• Availability: Subject to a lease
• Lease Term: 3 x 3 x 3 years
• Rent Review: On expiry of each lease term increased by 5% p.a.
• Car Spaces: 4 on title at rear with ample customer parking in strip.
• Condition: Excellent.
• Air Conditioning: Yes, Split systems in every area
• Floors: Carpet / Floor boards
• Lifts: NA
• Car Parking Fees: Nil.

• Water Rates: $445.59 P.A Approx.
• Land Tax: $665 P.A Approx. (Single Holding Basis)
• Council Rates: $4550 P.A Approx.