71-77 Miles Grove, Seaford


Wednesday, 13th November 2019

4 Units on 1 Title

Conveniently located in the heart of Seaford’s Industrial Estate. Only 1.1km* from Kananook Station & 4.5km* to Frankston CAD. Next door to a council owned carpark offering additional car parking for all the neighbouring properties.

This property presents a very rare opportunity to purchase 4 Industrial units on the 1 title! With 3 of the 4 units currently leased the property is currently returning: $50,280.46 PA + GST + outgoings with a potential return of $58,680.46 PA + GST + outgoings (If unit 2 was leased). The current rent is very modest with potential for future capital growth with refurbishment or Subdivision (STCA).

With interest rates being at a record low now is the time to invest in property!

Auction Wednesday 13th November 2019 at 12pm onsite.
Auction terms: 10% Deposit, Settlement 30/60/90 days

Tenancy schedule:

Unit 1
Size: 278sqm*
Current Rental return: $23,235PA + GST + outgoings
Tenant: T/A Miles grove Café

Unit 2
Size: 84sqm*

Unit 3
Size: 262sqm*
Current Rental return: $12,836.34PA + GST + outgoings
Tenant: T/A Edwards Ruggero Motors

Unit 4
Size: 180sqm2*
Current rental return: $14,209.12PA + GST + outgoings
Tenant: Jarryd Parr

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

James Dodge 0488 586 896
Michael Crowder 0408 358 926

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images and renders are subject to copyright.

* Denotes Approx.

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