188 Wells Road, Aspendale Gardens


Wednesday, 25th May at 12pm

Leaseback to Telstra

Nichols Crowder is pleased to offer this well positioned residential site ideal for investment now, and residential development later.

With a leaseback to Telstra Telephone Exchange on a 2 year lease with 1 year option, the property currently delivers a rental income of $25,000 per annum, plus all outgoings.

Enjoy the income now in the knowledge you have a residential site to build a future dwelling(s). You are buying at land value with income from a AAA tenant whilst you get your future plans through council.

* Leaseback to Telstra Telephone Exchange
* Rent $25,000 with fixed 3% annual reviews
* All outgoings paid by Telstra
* Wells Road frontage 30.6 metres, via service road
* Land area 656sqm, zoned GRZ3
* Great affordable residential site with income
* Concept plan available showing 2 townhouses (STCA)

Aspendale Gardens is an established residential area, well serviced with great amenities. Nearby is Aspendale Gardens shopping centres, sports grounds, Rossdale Golf Club, Edithvale Golf Course and stunning local parklands.

For further details and to arrange inspections contact:

Julian Vautin 0420 406 660
Matt Nichols 0418 186 488


* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

*All enquirers must provide a contact number if they wish to be contacted.

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.