Super Investment disguised as Clark

Sale Details

Sold on 21 Jul 2022 for $2,940,000

Description

POINT OF INTEREST:
A secure investment with a well-established tenant that has happily re-signed another long-term lease, but that’s only the introduction. With over 1,524 sqm* of land in Melbourne’s coveted east, space is on your side — and so is every other dimension. Case in point: this opportunity includes a 910 sqm* building which has been carefully thought-out to cater to a multitude of uses; the floorplan comprises a vast showroom that could lend itself to retail, e-commerce, or any business in need of spreading out and storing plenty. Burwood Highway houses the best in commercial businesses, there’s everything from car dealerships and furniture stores to Officeworks and Petbarn. This also means that the connection to the rest of Melbourne is simple. The Hayward Road bus stop is on your doorstep, Ferntree Gully Road is 1 km* from here, and the Eastlink is 4.42 km* away. There are two routes to get into the city, one taking the M1 and the other taking the M3, and both will get you there in under 40 minutes.

- Well-established tenant Clark Rubber re-signed for a further 5 x 5 year lease.
- Rental income $134,828 p.a. + GST + Outgoings
- 910 sqm* building area.
- 1,524 sqm* land area.
- Commercial 2 zoning.
- Heating and cooling.
- 5 car spaces onsite.
- 1 km* from Ferntree Gully Road.
- 4.42 km* from the Eastlink.
- 27.3 km* from Melbourne CBD.

POINT OF VIEW:
Investing in Burwood Highway means exposure to 26,000 passing motorists every day, with at least 500 of those taking an extra 15 minutes while they wait for their McBreakfast one block over.

*Approx.
Pricing excludes GST
Please note the adjoining property 4-8 Hayward Road,Ferntree Gully is also available for sale