FOR SALE BY EXPRESSIONS OF INTEREST
closing Wednesday, March 27 at 3:00pm
1 Nepean Highway, Mentone
Nichols Crowder is pleased to offer to the market a prominent commercial property investment at 1 Nepean Highway, Mentone. Recently leased to Nissan Mentone and LDV, the property is to be sold via an EOI campaign closing on Wednesday, March 27 at 3:00pm.
Set on Commercial 2 zoned land of approximately 1,896sqm, the showroom, office and workshop area totals approximately 1,286sqm. With other car retailers, ALDI, Bunnings, a new Officeworks and other major stores nearby, the property is in a great location with around 70,000 cars passing daily.
“With a recently signed 5 year plus 5 year lease at $300,000 per annum plus GST, and fixed 3% increases, 1 Nepean Highway, Mentone makes a fantastic investment,” explains James Glen, Senior Sales and Leasing Executive.
“It might be possible to generate additional signage income, with the property also offering some potential development upside in the future (STCA),” adds Mr Glen.