18-22 Lakeview Drive Lilydale, VIC 3140

Expressions of Interest closing 17th October 2018 at 4pm

Ray White Commercial proudly presents this unique CFA freehold within the Lakeview Estate. The property was constructed in 1990 and extended in 2004 to accommodate the CFA's requirements with 14 offices and 2 large open areas plus a lunch room and secure lock up storage shed. The CFA's lease currently runs until 5th April 2019 with no further options, lending the property to be redeveloped. The medium residential house price in Lilydale is currently sitting at $735,000 which underpins further residential development. The existing lease provides fantastic holding income whilst plans are approved or leased to a variety of uses within the residential zoning which includes, Child Care, Place of Worship and Office use (STCA).

The property features

• Land area | 2,804m2*
• Building area | 510m2*
• Lockup shed | 140m2*
• Leased to the CFA until 5th April 2019
• Return $140,229.82 pa Net
• Over 40 Car spaces onsite
• 14 office areas + open areas

*approximately