77 Devonshire Road, Watsonia is one of the most unique properties to hit the commercial marketplace in 2023. This modern and impressive freehold of 787 sqm* benefits from a ten (10) year lease to Watsonia Central Medical Clinic and provides strong annual income of $170,000 + GST + Outgoings whilst also offering a first floor with vacant possession, making it suitable for both owner-occupiers and astute investors looking to further enhance the property’s income producing ability.
Set upon a prime corner land allotment of 616 sqm* the property offers combined frontage to Devonshire Road & Lambourn Road of 59 metres* and sits prominently within the tightly-held and popular Watsonia Retail Village, which is home to a vast array of different businesses from supermarkets, essential service providers, hospitality operators and health & beauty services.
This is an outstanding opportunity to secure a substantial and striking freehold building in this tightly-held and thriving north-eastern location. Aston Commercial & Buckingham and Company strongly recommend this property for your serious consideration.
Aston Commercial & Buckingham and Company are delighted to offer 77 Devonshire Road, Watsonia For Sale by Expressions of Interest closing Thursday 22nd June 2023 at 3pm.
I’m spacious.
Building area of 787 sqm*
I’m valuable.
Long ten (10) year lease from 2020
I’m versatile. Ability to invest and part occupy
Modern freehold located prominently on the corner of Devonshire Road & Lambourn Road. One of the most imposing and striking buildings within the immediate precinct, benefiting from a secure ten (10) year lease to Watsonia Central Medical Clinic with enormous rental uplift/owner-occupier potential.
LOCATION
Located 19km from the Melbourne CBD in one of the north-east’s most rapidly growing locations and set prominently within the popular and tightly-held Watsonia Retail Village, directly opposite Watsonia Train Station
Car Parks
Thirteen (13) secure on-site car spaces
Building Area
- Ground Floor: 479 sqm* (Watsonia Central Medical Clinic)
- First Floor: 308 sqm* (Vacant Possession)
- Total: 787 sqm*
Ground floor leased to Watsonia Central Medical Clinic on a ten (10) year lease which commenced in December 2020 with an annual rental of $170,000 + GST + Outgoings
General Residential Zone 1 (GRZ1)
Method of Sale
For Sale by Expressions of Interest closing on Thursday 22nd June at 3pm
*approx.
Thirteen (13) secure car parks
Ten (10) year lease commenced December 2020
Excellent annual income of $170,000 + GST + Outgoings
$
Vacant first floor of 298 sqm* suitable for both value-add investors and owner-occupiers
Imposing corner freehold offering unrivalled exposure and street presence
The property is an imposing and spectacular freehold comprising a total building area of 787 sqm* over two levels and set upon a prime corner land allotment of 616 sqm*.
With 59 m* combined frontage to Devonshire Road & Lambourn Road the property offers thirteen (13) secure on-site car spaces and is located directly opposite Watsonia Train Station.
Watsonia Central Medical Clinic is located on the ground floor of the building and occupies 479 sqm* of the total building area, generating an annual rental return of $170,000 + GST + Outgoings, offering large open-plan waiting/ reception area, as well as various private consulting rooms as well as male/ female bathroom amenities.
The first floor of the property offers vacant possession with a total building area of 308 sqm* making it suitable for both owner-occupiers and astute commercial property investors.
The Watsonia Central Medical Clinic is a brand-new purpose-built family owned practice in the heart of Watsonia.
https://watsoniadoctors.com.au/about-us/
Trading Name: Wastsonia Central Medical Clinic
Current Rent: $170,000 + GST + Outgoings
Lease Term: Ten (10) year lease commenced December 2020
Options: 5 + 5 Years
Rent Reviews: CPI annual increases
77 Devonshire Road, Watsonia is prominently located on the corner of Devonshire Road & Lambourn Road, within the heart of the popular and tightly-held Watsonia Retail Village.
Watsonia is an up-and-coming suburb located in Melbourne’s north-east, just 19km from the Melbourne CBD and is popular amongst first home buyers and young families. The immediate location features a vast array of service-based businesses supporting the local community, which is further underpinned by its direct access to public transport, with Watsonia Train Station located directly opposite the property. Watsonia is serviced by a number of major arterial roads and freeway networks including the Greensborough Bypass, which offers immediate access to the Western Ring Road. Lower Plenty Road is also a short distance away which provides excellent links to the Eastern Freeway and inner-northern suburbs.
INSPECTIONS
Strictly
Available upon request
Great sales results always get talked about. The work that makes them happen, usually doesn’t.
There’s so much smoke around sales, that it’s hard to even talk about it in a brochure without a smile. Everyone makes claims, but the obvious truth, is not everybody is equally good at this.
One of the differences at Aston Commercial, is that while what we say might be called an “opinion”, it’s always based on evidence. We do our homework first and talk later.
Another difference is that for us, sales is very much a whole team exercise, where there are many players and all our departments work together in the pursuit of the best result.
The experience of our team members are reinforced by Client testimonials, which lead us to being more than a real estate agent, but a trusted advisor
Deciphering the highest and best use and positioning your property through the implementation of elite marketing across all mediums
A relentless “never give up” attitude focused on the Client destination
DISCLAIMER
“Materials” refers to any representations, statements, documents, data, statistics, measurements, estimates, figures, calculations, projections, approximates or otherwise stated by Buckingham and Company or Aston Commercial Pty Ltd whether verbally or in writing. The Materials have been collated to assist potential purchasers for advertising and general information only to assist potential purchasers to decide whether to proceed with further investigation in relation to the property or the land. The Materials provided by Buckingham and Company or Aston Commercial does not constitute any offer or contract of sale and is not to be relied upon prior to signing any relevant contract. Any dimensions or measurements of the property or the land (internal and external) are approximates only and should not be relied upon before signing any contract. The potential purchaser must conduct investigations to satisfy themselves that any Materials provided are accurate. Buckingham and Company or Aston Commercial excludes unequivocally all inferred or implied terms, conditions and warranties arising out of the Materials and excludes all liability for loss and damage arising therefrom.
*Approximate