Description
FOR SALE BY PUBLIC AUCTION THURSDAY 22ND OCTOBER AT 12PM ON SITE
Open for Inspection 11-11.30am Tuesday 29th September.
POINT OF INTEREST:
Most businesses planning their next move, must choose between buying too early and buying too late. 6 Queen Street offers a lucrative third option: buy now, collect the rent, and take the keys in March 2027. Currently returning $89,115.60 p.a. net + GST with no further options, giving owner-occupiers a clear runway towards occupation while the tenant effectively pays for the wait. The circa-1980s industrial freehold comprises 640 sqm* of building area and two-level office accommodation on 750 sqm* of Industrial 1-zoned land, with a handy 6 car spaces. Investors can re-lease or reposition down the track, while future occupiers can secure their next premises before they need it. And when the keys do change hands, Queen Street puts Springvale Road, Whitehorse Road, and the Eastern Freeway within easy reach, with Nunawading railway station and the MegaMile pretty much within plain view from here.
- 640 sqm* total building area.
- 750 sqm* total land area.
- 6 on-site car spaces.
- Leased until the 22nd March 2027.
- $89,115.60 per annum + GST in leasing income, with no options.
- A circa 1980s industrial warehouse with two-level office accommodation.
- 140 m* to Whitehorse Road.
- 700 m* to Springvale Road.
- Next door to The Nunawading MegaMile and 800 m* from Nunawading railway station.
- 1.7 km* to the Eastern Freeway.
POINT OF VIEW:
Investors can see income; owner-occupiers can see an end date. With no further options beyond March 2027, Queen Street gives both buyers something worth circling.
Approx*