Main Road Opportunity With Investment Income
This exceptionally well presented, high exposure office warehouse ticks all the boxes for investors.
Located in close proximity to Westfield Southland, 7/265 Wickham Road is a main road office warehouse.
The property is currently tenanted by European Electronics Pty Ltd, who have been in occupation for an impressive 23 years. With a strong net rental income of $50,422.86 per annum plus GST and outgoings, this office warehouse offers a secure and attractive investment.
Spanning 359 sqm*, the property provides excellent exposure to passing traffic, making it a rare gem in the Moorabbin/Cheltenham industrial and commercial precinct. Opportunities like this are seldom available- don’t miss your chance to secure this exceptional main-road industrial investment.
Key features include:
* Lessee: European Electronics Pty Ltd
* Lease term: Five (5) years
* Lease option: Five (5) years + Five (5) years
* Commencement: 01/04/2021
* Expiry date: 31/03/2026
* Rental (per annum): $50,422.86 p.a. plus GST and outgoings
* Rent reviews: Annually 2% end of term market review
* Outgoings Estimate: $8,000.00 (approx.)
* Security Deposit: Equal to one (1) month’s rent + GST
For further details or to arrange an inspection please contact:
David Garfield 0412 651 661
DISCLAIMER:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
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