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.