ELITE LOCALE AND TENANT TO MATCH

Sale Details

Sold on 18 May 2023 for $5,300,000

Description

For sale by way of Public Auction on Thursday 18th May at 12 noon on site

POINT OF INTEREST:
This is one opportunity you don’t want to miss. With a long list of drawcards including a high-demand eastern suburb locale; a secure and steady income from an elite multi-national company plus over 1300sqm* of flexible office/warehouse space, this is what investors strive for - and if you’re quick, it could all be yours.
In a coveted locale just off the Whitehorse Road ‘Mega Mile’ precinct, this standout proposition on a generous site 1,901sqm* includes modern facilities totalling 1306sqm* with an adaptable layout suited to both industrial and commercial uses. The office is both heated and cooled and the site boasts a whopping 27 on-site parking spaces.
Currently leased to a multinational Tenant with over 50 years scientific food industry experience across 100 Laboratories located in 27 countries, together with 8000 employees – the premises is an investor’s dream with secure and steady income now, and certain leasability for the future. For added portfolio security, the property’s generous proportions offer plenty of potential growth upside.
There is a café next door for a quick bite to eat and this first-class locale is just 1.4km* to Blackburn and Nunawading stations, 3km to Eastlink via Surrey Road and 4.5km* to Box Hill Central. The site is also in esteemed company with a host of big-name ‘bulky-goods’ brands nearby including Bunnings, Nick Scali, Beacon Lighting, Toyota and Harvey Norman to name a few.

- Total building area – 1306 sqm*
- Total land area – 1901 sqm*
- 27 on-site parking spaces
- Industrial 1 zoning
- Modern facilities just off the Whitehorse Road ‘Mega Mile’ precinct
- Generous proportions and flexible layout for both commercial and industrial uses
- Leased to a multi-national tenant
- High demand Eastern suburb locale
- 1.4km* to Blackburn and Nunawading stations
- 3km* to Eastlink via Surrey Road
- 4.5km* to Box Hill Central (10min drive)
- City of Whitehorse – current population of around 180,000*

POINT OF VIEW:
Popular with national and international retailers and businesses thanks to its blue-chip neighbours and easily accessible locale, it is not a surprise that properties here spend very little time on the market. And with a world-class tenant in place, this proposition will prove a top-tier asset for any and every portfolio.




*Approx.
Pricing excludes GST