Description
To be sold via Public Auction on Wednesday 15th May 2024 at 12pm on-site.
POINT OF INTEREST:
With record-low supply levels and insatiably high demand, this Hallmarc of Clayton industrial estate finally has an opening to savvy early birds. The versatile office and warehouse hybrid utilises 232 sqm* to its advantage, with 102 sqm* dedicated to modern ground and first-floor office/showroom space. There’s also an elevated internal clearance, a container height roller door, three-phase power and four allocated car spaces for good measure. All of this is currently in use to Yunkyung Kim T/A SIH Trading on a 2-year term that expires in December 2025, with a further 2-year option on the cards. You’ll receive $34,800 per annum (excluding GST and outgoings) in leasing income with 4% annual increases, but keep in mind that this price is under the market rate of $40k per annum — providing an opportunity for significant uplift for any purchaser. And because it goes both ways, an upside for the tenant: this is a non-retail lease, allowing for Land Tax to be recoverable by the tenant.
- Currently leased to Yunkyung Kim T/A SIH Trading on a 2-year term expiring December 2025, with a further 2-year option
- $34,800 per annum in leasing income with 4% annual increases
- Significant rental uplift potential
- 4 month + GST Security Deposit held ($12,760)
- 232 sqm* total building area
- 102 sqm* of modern ground and first-floor office space
- Four allocated on-site car spaces
- Industrial 1 zoning
- 2 km* to Dandenong Road
- 2.7 km* to the Dingley Bypass and Mordialloc Freeway
POINT OF VIEW:
Neighbouring the Springvale Homemakers Centre, Princes Highway, and Clayton’s most prominent industrial and commercial enterprises, this is a strategic play for local investors opting out of residential and into strong capital growth, and owner occupiers playing the long game for the big gains.
*Approx.
Pricing excludes GST
