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Overview
This commercial office investment opportunity is located at Unit 12 (Level 1), 85 Mt Derrimut Road, Deer Park, Victoria 3023. It is a quality entry level asset suitable for investors seeking a stable long-term lease arrangement. The leased premises extend over a building area of approximately 120 square meters, offering a practical business space with fully functional facilities.
Current lease particulars include a secure 4 x 4 term commencing on 15 March 2024, providing a reliable annual return of $37,000 plus outgoings and GST, with provisions for annual rent reviews. This ensures a consistent income stream suitable for investors aiming for steady yields from their portfolio.
The office space is fully fitted out with modern partitions, workstations, and included office furniture which is owned by the landlord. The internal configuration is set up to accommodate a professional working environment with well-planned layouts enhancing productivity. Additionally, the premises are equipped with reverse cycle cooling and heating, contributing to a comfortable workplace all year round.
Security features include an integrated alarm system coupled with CCTV cameras, providing enhanced protection for the premises. Ample on-site parking is available, adding convenience for staff and visitors. The location is strategically positioned on a prime main road and corner site, offering excellent visibility and accessibility which is highly advantageous for commercial tenants.
Deer Park is a well-established suburb in the western region of Melbourne, benefiting from connectivity to major transport routes and local amenities, making it an excellent location for long-term commercial tenancies. This property represents an ideal opportunity for buyers seeking low-risk investment in a growing area.
The building's quality and location, combined with the terms of the lease and secure tenancy, provide an attractive investment offering with prospective capital growth potential. This property is well suited for investors seeking to secure an entry-level commercial asset with reliable income and minimal management requirements.
Investors can be assured of the property's functional design, valuable tenant improvements, and secure income, making it a sound choice within the competitive commercial office market of Deer Park.
Local Market Insights
In Deer Park, Quiet Listings observed 2 new commercial properties entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $1,385,000. The property type mix of listed properties is predominantly Houses at 81%, followed by commercial properties (6%), and land (5%). Area Specialist was the most active agency monitored, representing 24.1% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| For Sale $775,000 | |
| $775,000 |
Location
Deer Park VIC 3023
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 120 m² |
Market Insights for Deer Park VIC 3023
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
