Success Stories

BOX HILL 492 Elgar Road

  • SOLD June 2010
  • Property type: Commercial Investment
  • Vendor client: Private Owner
  • Buyer calls: 51
  • Inspections: 3

"Noting the benefits of its long lease to an A Grade tenant, it was no surprise to find this asset attractive to the investor buyer market.... However to achieve such a result certainly reinforces the strength of the market."
Joseph Walton (Director)

THE RESULT: Sold prior to auction to a private investor
SALE PRICE: $3,200,000

Key Property Features:

  • Two-storey, modern, fully-fitted commercial building, built circa 2008, and utilised as a commercial office branch by Ambulance Victoria, includes garage with skylight & roller shutter doors plus rear on-site parking.
  • Lease Term: 15 years (+ options)
  • Building Area: 401 sqm (approx.)
  • Land Area: 592sqm (approx.)
  • Current Rental: $162,225 pa (approx.)
  • Land Tax excempt
  • Significant depreciation benefits
  • "A" grade tenant
  • Yield: 5%

Key Marketing Initiatives:

  • Campaign Slogan: "LIFE-SAVING INVESTMENT OPPORTUNITY. . . HEALTHY RETURNS!"
  • Media Advertising: THE AGE (Wed's & Sat's x 8 inserts)
  • JEWISH NEWS (Fri's x 3 inserts)
  • 1,000 full colour glossy A4 d/s brochures
  • Mailout: 900 qualified buyers
  • Property Reports
  • Signboard
  • Internet advertising