Investment with Future Development Opportunity!

Sale Details

Sold on 07 Nov 2016

Description

Prominently positioned on Lewis Road and situated on a huge site area of 1.8 hectares (4.5 acres) this substantial industrial facility of 7,912m2*, currently leased to two well known tenants Australia Post and Silvan Australia returning a combined annual rental of $440,283.50.

- Australia Post leases the front building comprising 5,186m2* plus canopy loading area of 813m2* and returns a rental income of $318,280 per annum plus GST.

- Silvan Australia leases the two rear buildings comprising areas of 918m2* and 995m2* and returns a rental income of $122,003.50 per annum plus GST.

The property provides a generous 90 metre* frontage to Lewis Road and features substantial industrial improvements, incorporating a large power supply, hard stand area and multiple roller doors.

Providing easy access to major roads including Stud Road, Burwood Highway and Mountain Highway, the subject property is located 5kms* to Eastlink, under 2kms* to Westfield Knox and just metres to Lewis Park.

This is an ideal land bank for future development. Proposed industrial estate plans are available upon request.

*approx.


Please contact conjunctional agents CVA and Appleby Real Estate for further information and on site inspections.