Exposure, location, size and investment opportunity are driving interest for a property near Broadmeadow’s well-travelled Nine Ways.
James Rodrick and Brendon Sarroff, of Starr Partners, are marketing the property with good exposure at 81 Chatham Street. It comprises a building, 383 square metes in area, on a site totalling 1028 square metres.
“The location I believe would be a major drawcard for this property due to its highly visible position and volume of passing traffic as it sits on a major arterial road,” Mr Rodrick said. “Also the larger land size will hold great appeal.”
It is leased to a Telstra Business Centre until 2021 with an annual income of approximately $92,742.00 net and Mr Rodrick said there had been “strong interest in the property” since it was listed for sale.
“The property will most probably appeal to investors and developers alike due to its land size, possible re-development potential, subject to council approval, and again the location,” he said.
It is being sold through expressions of interest with a price guide of $1.6 million to $1.8 million.
Burgess Rawson are marketing an ASX listed medical centre investment at 57 Belford Street in Broadmeadow which is set for auction on December 4.
The location I believe would be a major drawcard for this property due to its highly visible position and volume of passing traffic as it sits on a major arterial road.- James Rodrick
Sign up for our newsletter to stay up to date.