21 Claremont Ave Malvern
21 Claremont Ave Malvern
Private Sale - Contact Agent
All outgoings including land tax paid by tenant
Annual rental increases of 4%
2 years into 5-year lease
Further 2 options of 5 years each
Executive Summary
21 Claremont Ave Malvern is an excellent retail investment positioned in the heart of one of Melbourne's most tightly held and sought-after precincts. Apart from the newly constructed property of approximately 121m2, the astute investor will very quickly ascertain how well structured an investment this is.
One of the greatest causes of disputes with commercial leases is the market reviews when the lease is between options, these disputes can some times end in litigation and costly downtime. The current owner has extensive experience in structuring commercial leases to benefit the freehold owner, consequently this lease is designed with no market reviews and fixed annual rental increase, it is headache free! Coupled with an average capital growth of 9.11% over the last 20 years for retail premises in Malvern (data sourced from REIV), this property is on the 'must consider' list of investments.
Key Details
Tenant - Travel Associates a subsidiary Flight Centre
Current Rental income $56,931 net plus GST
All outgoings including land tax paid by tenant
Annual rental increases of 4%
2 years into 5-year lease
Further 2 options of 5 years each
Long Lease to Publicly Listed Company
Depreciation benefits available
Building Area - 121m2 approx.
1 carpark on title
