News & Insights

Three Investments in One

May 27, 2022

Auction:  Friday 17th June at 12 noon, on site

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

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

The three 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, opening of large commercial precincts such as Morris Moor and a greater desire for business owners to locate closer to home, Moorabbin continues to flourish”, explains David Garfield, Sales and Leasing Executive.

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.