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LOCAL INVESTOR BUYS QUALITY OFFICE SUITE

Crabtrees Real Estate’s Rodney King has sold Suite 9, 202-220 Ferntree Gully Road Notting Hill for $608,000.

Situated in the high quality and landmark "DRIVE" office complex, this terrific investment opportunity comes with an excellent established tenant, Australasian Solvents & Chemicals Company Pty Ltd, whom have occupied the premises since November 2010.

the current 5 year lease commenced 1st February 2014 and at present the passing rent is $42,582.84 + GST + Outgoings with 4% annual increases.

The fully self-contained office suite prominently located on the corner of Ferntree Gully and Clayton Road, making it a highly desirable address.

“The property was purchased by a local investor keen to add a quality office suite to their portfolio” says Rodney.