An entire building in the unique Rosedale Office Park is for sale, creating an opportunity for investors looking for a solid return with green credentials.
Located at 331 Rosedale Road, the 8-building development was completed in 2004 and designed to nestle within a mature native tree setting, creating an office environment that stood out from its peers.
Many companies have wanted to offer their staff a peaceful yet fully functional office environment and as testament to the developer’s design, a good many are still thriving here since new.
Cleverly designed with ample parking in secure basement and uncovered areas, the environment has outdoor seating for taking a break from the business world just outside the office door. There is also an on-site café that attracts many within the neighbourhood.
Start your property search
The property for sale is made up of four separate unit titles encompassing the entire road-front building of 823 sq m as well as the secured basement area.
Three tenants on 5- or 6-year leases make up the bulk of the investment with the fourth unit developed as a ‘shared suite‘ arrangement between three further tenants that share a boardroom, reception, bathroom, and kitchen facilities.
This popular arrangement allows companies with fewer staff to lower their rental by sharing facilities.
Several of the tenants have been here 6–10 years or more, says agent Bryan Western.
Total net annual rental is $273,467 plus outgoings and GST, providing a steady income stream enhanced with guarantees and regular rent reviews.
Prestige Real Estate has been exclusively appointed to market the property by deadline sale of March 16 unless sold earlier.
Western, commercial salesperson at Prestige, says: ”Never before has an entire building been available to purchase here since new, so this is a rare chance indeed.
"This property will appeal to investors with a desire to own an outstanding investment in a natural environment, that they can be proud to own."
- Article supplied by Prestige
