Industrial Investment with Value-Add Potential
Prominently positioned on Yuilles Road and situated within the core of Mornington’s Industrial estate.
This standalone freehold is securely leased to a well-established business, offering excellent security to the investor with value-add potential (STCA).
Key features include:
* Building area: 212sqm*
* Land area: 583sqm*
* Quality tenant Trading as Foam Fast
* Secure 3 x 3 year lease (com. March 2022)
* Annual income: $32,960 plus GST and outgoings
* Solid annual rental increases
* Impressive improvements
* Clear-span warehouse
* Electric roller door
* 3 phase power
* Secure rear yard with 3m x 3m shed
* Abundance of off- street car parking
* Favourable Industrial 3 Zone
For further information or to arrange an inspection, please contact:
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.