244-248 Chesterville Road, Moorabbin

Nichols Crowder

Sold

Friday, 13th December 2019

Remarkable Investment

This area of Chesterville Road is now considered a commercial business retail precinct with the arrival of Morris Moor, 213 Chesterville Business Park and Pellicano’s soon to be office development. Further enhanced by the new Dingley Bypass, Mordialloc Freeway and close proximity to other major arterials, this area will continue to evolve into more retail than industrial into the future.

Key property features include:

* Long standing national tenant in ‘Remarkable Outdoor Furniture’
* New five (5) year lease, with options until 2044
* Net rental of $358,750* p.a.
* Fixed increases throughout lease
* Building area: 4,732sqm*
* Land area: 5,048sqm*
* Brand new roof & modernised premises
* Flexible & versatile building with 11m* building height
* Large hardstand at rear with dual street access
* Fifty-seven (57) car spaces associated
* Freehold only

For further details or to arrange an inspection, please contact:

James Glen – 0401 493 277
David Garfield – 0412 651 661
Matt Nichols – 0418 186 488

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images and renders are subject to copyright.

*Denotes Approx.