FOOD WHOLESALE INVESTMENT WITH MODEST PRICE

Sale Details

Sold on 11 Jan 2024

Description

POINT OF INTEREST:

Occupied since 2017, this established food wholesaler/producer has just renewed their 3-year option commencing in October 2023, with an additional 3 year option available, bringing in an annual rental income of $48,000 plus outgoings. They swiftly put pen-to-paper when factoring in the floorplan and quality fit out, made up of 300 sqm* of generous warehousing within a suburb only booming in Bayside popularity. A roller door makes deliveries a breeze, and so does the 4 car spaces on Title, with an additional 14 on-site for any visitors. This local investor is likely already aware, but the location isn’t anything short of brilliant. You’re 800 m* from the Mordialloc Freeway, 3.1 km* from the Dingley Bypass, and 2.4 km* to the Nepean. What’s more, there’s a BP service station only a few metres away, the Costco is just down the road, and you’re 2.5 km* from the Frankston line. A foundation of commercial value for portfolios ready to get to the next level.

- Leased to food production tenant from October 2017.
- Recently renewed 3 year lease from October 2023.
- Further option of 3 years.
- $48,000 per annum + outgoings.
- 300 sqm* total building area.
- Industrial 1 zoning.
- 4 car spaces on Title, plus an additional 14 on-site.
- 800 m* to the Mordialloc Freeway.
- 3.1 km* to the Dingley Bypass.
- 2.4 km* to the Nepean Highway.

POINT OF VIEW:

An asset with enviable leasing terms, proportions, and postcodes seldom appear in six-figures. And with strong returns guaranteed for any portfolio, this campaign may be the quickest launch of the year. Go figure.

*Approx.
Pricing excludes GST