4 Main Road Warehouses, 1 Title, 100% Leased!
Nichols Crowder is excited to offer for sale by Expression of Interest (closing Tuesday 15th November @ 2pm) this unique main road property. Whether you’re looking to renovate, sub-divide, land bank or re-develop this flexible offering ticks those box’s (STCA).
Comprising of 4 warehouses with a ground floor building area of 1,810sqm* situated on one title with a land area of 3,010sqm*.
100% leased with all tenancies and options ending within 6 years giving you control of any future rentals or development plans.
The current rental is only $142,732 per annum which increases to $158,583 from May 2023. Representing just $87 per square metre the rent is less than half of rent’s being achieved at the new Carrum Downs Lifestyle Centre opposite this site.
The site has an impressive 43 metre frontage to Lathams Road which is currently undergoing a major upgrade (completion due mid 2023).
To receive a copy of the Information Memorandum or to discuss the offering in more details please contact the listing agents.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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