Suite 3, 6 Croydon Road, Croydon, VIC 3136

Offices | Medical

Sold

  • Property ID: 446992
  • Floor Area: 143m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Suite 3 Sold 09/09/2024 143m2 N/A Contact Agent
$600,000 PLUS BUYERS , ESSENTIAL SERVICES TENANT IN THE HEART OF CROYDON

POINT OF INTEREST:

OFFERS UNDER REVIEW

An investment delivering both social and portfolio impact, this prime opportunity in the heart of Croydon offers exceptional value. Suite 3 is a spacious office spanning 143 sqm*, part of a recently refurbished boutique corporate complex. The suite features new heating and cooling systems, carpets, ceilings, lighting, and even boasts its own kitchen. The new tenant, Life Saving First Aid, has chosen this as their 7th location across the state, bringing in an annual leasing income of $40,000 plus GST and outgoings.
Situated at the bustling intersection of Croydon Road, Kent Avenue, and Wicklow Avenue, this location is just a few hundred meters from the new Croydon Railway Station, now open to passengers and featuring modern facilites, lifts and new station forecourt. Croydon’s Main Street and shopping mall are within walking distance, with Coles, ALDI, and the charming independent storefronts of Croydon Central conveniently sitting pretty on Kent Avenue.

- Leased to Life Saving First Aid Pty Ltd.
- $40,000 + GST + outgoings in annual leasing income.
- New 3-year lease beginning 25th June 2024 with 2 further terms of 3 years each.
- $12,000 security deposit + personal guarantees
- 7 locations across Victoria
- https://lifesavingfirstaid.com.au

- 143 sqm* total strata building area.
- Individual heating & cooling, seperately metred
- Commercial 1 zoning.
- 3 car spaces on title.
- 1 km* to Maroondah Highway.
- 300 m* to the newly reopened Croydon railway station.
- Depreciation benefits – indicative schedule available


POINT OF VIEW:

A new lease, within a new building, amongst the heart of Croydon — this asset is any investor’s dream line-up, with a price tag that’ll make you pinch yourself.


*Approx

Additional Information
Features
  • Availability: 30-60 Days
  • Lease Term: 3 years , 4 months plus 2 further terms of 3 years
  • Rent Review: 3.0 % annual increases , market review at option
  • Car Spaces: 3 on site
  • Condition: All new internals
  • Air Conditioning: Yes
  • Floors: Carpet
  • Lifts: NA
  • Height: 2.7 meters
  • Age: Newly Refurbished
  • Car Parking Fees: NA
Outgoings
  • Water Rates: $1,000.00 approx. pa + GST
  • Council Rates: $1,626.70
  • Owners Corp. / Insurance: $2,990.00
Croydon Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4297 $230 5.35%
Retail $6752 $367 5.44%
Offices $2979 $302 10.15%
This is the average advertised price, rent and yield for Croydon, VIC 3136*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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