Income Producing Investment - On Own Title
Nichols Crowder are delighted to offer this property for sale by Expression of Interest Closing 3pm on Thursday 21st July.
Situated on its own freehold (no owners corporation) industrial 1 zoned block of land is this 960sqm* office/warehouse.
Currently tenanted until 18th October 2022.
The lease provides for just one further option of two years at which point a new lease could be negotiated or vacant possession obtained.
The current rental is a very modest $72,100 p.a. + GST + outgoings with a market rent review due in October this year (if the option is exercised)
Key features include:
* 1,500sqm* of industrial 1 zoned land
* Good internal height clearance up to 7.5 meters
* Huge three phase power supply
* Own title, fully fenced with gates
* 12 car parking spaces
* Located just off Lathams Road within close proximity to Eastlink, Peninsula Link and Frankston-Dandenong Road all within 1.2km from the property.
Also available for sale is the adjoining vacant warehouse at 7 Damosh Avenue with a combined building area of 1,931sqm*
Expressions of interest for both properties close 3pm on Thursday 21st July. Don’t miss this chance to secure this rare opportunity with plenty of upside.
To receive further information (including the Contract of Sale, Vendors Statement & Information Memorandum) or to arrange an inspection please contact:
Josh Monks
James Dodge
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
