31 Progress Street, Mornington

Sold

Friday, 25th March 2022

A Progressive Industrial Investment

Sutherland Farrelly together with Nichols Crowder are proud to present this premier industrial investment in the famed ‘Progress Street’, in the heart of the Mornington Industrial precinct.

Securely leased to Trade Products Pty Ltd /as Trade Products Hardware Central and BlueCroc.

Located in the heart of the Mornington industrial precinct close to Peninsula Link and opposite Common Folk Coffee, the Nook and Strong Pilates Mornington.

Key features:

* Term: 3 year lease with a further 3 year option (Comm. April 2022)
* Current tenant in occupation since 2018
* Expansive 1,500sqm* office/warehouse
* Net income: $144,615.36 per annum plus GST
* Tenant pays all usual outgoings excluding Land Tax
* Fixed 3.5% rent increases
* Generous onsite parking for 20 cars* (approx)

Auction to be held on Friday 25 March at 12:30 pm onsite.

PLEASE NOTE:

* 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.

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.

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