4 Wren Road, Moorabbin

Nichols Crowder

Sold

Friday, 8th July 2022

Three Investments in One

UNDER OFFER

Ideally positioned at the gateway of Warrigal Road and Dingley Bypass, Nichols Crowder is pleased to offer for sale, via public auction on site, a rare industrial investment at 4 Wren Road, Moorabbin.

Set on Industrial 1 zoned land of approximately 1,290sqm*, the warehouses of 807sqm* are divided into three tenancies, returning $65,197.80 per annum.

The tenancies are on varying lease terms. Units 1 & 2 are on two & four year leases with options, and Unit 3 is a monthly tenancy. This provides a terrific opportunity for purchasers to either continue to lease Unit 3, or owner occupy while enjoying the income from Units 1 & 2.

Moorabbin industrial has welcomed increased popularity in recent years. From extensive new road infrastructure and the opening of large commercial precincts such as Morris Moor, Moorabbin continues to flourish.

In summary, key features as follows:

* Three (3) tenancies, varying lease terms
* Returning: $65, 197.80 p.a. + outgoings
* Total building area: 807sqm*
* Total land area: 1,290sqm*
* Great location with direct access to major arterials
* Rarely available in the Moorabbin industrial precinct

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

David Garfield 0412 651 661

OPEN FOR INSPECTION
Wednesday 1st June 11am – 11.30am
Wednesday 8th June 11am – 11.30am
Wednesday 15th June 11am – 11.30am
Friday 17th June 12.30pm – 1pm

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.