February 28, 2018

High Tech Investment

Thursday, March 22 at 2:00pm, on site

Suite 108/75 Tulip Street, Sandringham

Nichols Crowder is pleased to offer an affordably priced Bayside investment property for purchase. Suite 108/75 Tulip Street, Sandringham is located in the heart of the popular and tightly-held Bayside Business District (BBD), and is to be auctioned on site on Thursday, March 22 at 2:00pm on site.

A new 3-year lease has just been taken up until April 2021 (plus a 3-year option) by G-Zero Five, a software development company servicing the design and manufacturing sectors.  The lease features fixed annual rent increases of 3%, currently generating rental income of $16,600 per annum, plus GST and outgoings.  Investors looking for a return of around 6% are encouraged to inspect the property.

“This BBD office has two basement car spaces on title and offers great natural light and a great aspect,” explains Niki Drendel, Sales and Leasing Executive. “As part of the award-winning Tulip Green Business Centre, there is a common boardroom and central courtyard that tenants love, as well as shared amenities on each level. WE know the tenant loves the space as they have been in occupation since April 2013.”

Inspect as advertised or by appointment.  Open for inspection on:

  • Wednesday 28th February from 1pm to 1.30pm.

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.         * Approximately