3-7 Hamilton Street, Mont Albert VIC 3127

Offices

Massive Investment Opportunity!

Lemon Baxter is pleased to offer 3-7 Hamilton Street, Mont Albert for sale via expression of interest closing Wednesday, April 10th 2024 at 12 noon.

This three-level office building is conveniently situated next to the Mont Albert Train Station, and has recently undergone a significant refurbishment.

The entire building, spanning NLA 3,720m²* plus 3 car park basements, is currently leased to one tenant, the TBC Group Pty Ltd which occupies level 2. The ground floor and level 1 are currently vacant.

Current rental:
| Annual net rental: $576,179*.
| Lease terms: 5 years with 3% annual increases and covers the period up to July 31, 2025.
| The arrangement includes car parks and encompasses the payment of outgoings. Additionally, there is a provision for a 5-year option.

Net Lettable Area:
• Level 2 office: 1,120sqm (Tenanted)
• Level 1 office: 1,419sqm (Vacant)
• Ground floor office: 1,181sqm (Vacant)

Car parking:
• Basement 1: 29 spaces
• Basement 2: 41 spaces
• Basement 3: 44 spaces

To obtain further information or to arrange an inspection, please contact the exclusive selling agents at Lemon Baxter.

*Approximately

Property Highlights
Highlight 1

NLA 3,720sqm* plus 114 car spaces

Highlight 2

Land area 1,573sqm* on Commercial 1 Zone

Highlight 3

Estimated fully leased income $1,750,000

Zone

Commercial 1

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Chris Chartres
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