Winning Investment on Wren
Nichols Crowder is delighted to present to the market for sale via Public Auction 35 Wren Road, Moorabbin. The property is offered securely leased until 2025.
Industrial 1 zoned, the property presents a very rare opportunity for investors and land bankers to secure a standalone warehouse in a very tightly held location.
The Moorabbin Industrial Precinct has seen over 50% capital growth in some properties over the last few years alone. We anticipate that this will continue into the future.
With new infrastructure such as the new Mordialloc Freeway, Dingley Bypass and other major arterials in Nepean Highway and South Road, this location will keep going from strength to strength.
Key features include:
• Leased to Johnny Metal Recycling P/L
• Leased through until November 2025
• Tenant has one (1) further option of four (4) years
• Fixed 3% increases throughout
• Market review at option
• Building area: 390sqm*
• Land area: 642sqm*
• Street facing roller door
• Clear-span warehouse
• 3 phase power
* Roller door access: 3.5m* W x 3.7m* H
* Classic Moorabbin Factory – They don’t build these anymore!
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
OPEN FOR INPSECTION:
* Wednesday 16th March 30mins prior to auction
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.
*All enquirers must provide a contact number if they wish to be contacted.
