BANK THE LAND AND THE LEASING INCOME.

Sale Details

Sold on 08 Dec 2022 for $1,650,000

Description

Sale by Public Auction - Thursday 8th of December 2022 at 2pm.

POINT OF INTEREST:

Oakleigh South loves to play hard to get. A tough market to break into for residents, and an even harder postcode to secure for industrial investments. Adding 662 sqm* of land with a 522 sqm* freehold building to your portfolio is as lucrative as it sounds, particularly when you factor in the vast warehousing floorplan, the 7 m* clearance height, and a newly constructed mezzanine office extension. This addition builds on the already clever design by adding high-quality offices, meeting rooms, and a refurbished kitchen / break-out space for staff. Proving its desirability as an asset; the property is currently leased on a non-retail 3-year contract signed in November 2021, providing $63,113.60 per annum in leased income. Speaking of an investment as safe as (ware)houses, the robust fencing around the entire premises takes this literally. Plus, three of your six onsite car spaces are undercover. Easy access to Princes Highway, Monash Freeway, and the Dingley Bypass means a half an hour's ETA into the CBD. And for another value-add, Huntingdale railway station sits only 800 m* away.

- Securely leased to Pacific Windows Pty Ltd on a 3-year lease with a 3-year option from November 2021.
- Providing a leasing income of $63,113.60 per annum.
- 522 sqm* total building area.
- 662 sqm* total land area.
- Industrial 1 zoning.
- 6 onsite car spaces, 3 of which are undercover.
- Recently refurbished and air conditioned offices.
- 1.8 km* from Warrigal Road.
- 800 m* from Huntingdale railway station.
- 16.8 km* from Melbourne CBD.

POINT OF VIEW:

If you’re a local, you’ve probably already registered to enquire. If you’re not, you’ll be opening a door to a market that is its own centralised commercial hub. Get in on the secret.

*Approx.
Pricing excludes GST