AN INVESTMENT THAT WON'T MAKE IT TO MARKET.

Sale Details

Sold on 30 May 2022 for $840,000

Description

POINT OF INTEREST:

An investment opportunity that is so few and far between in Cheltenham that this won't make it to market. Leased to Integral Alliance Pty Ltd and less than 2 years into the initial 4 year term with a 4 year option, Unit 49 is a fantastic mix of light and bright modern office space with high clearance warehouse. Located on a corner lot in this renowned Cheltenham commercial/industrial estate the office benefits from two elevations of full floor to ceiling glazing.

Property Features:
- 232 sqm* of total building area.
- Includes 100 sqm* of office/showroom spilt over two levels.
- Modern amenities, including kitchenette & disabled access toilet.
- Industrial 1 Zoning.
- 6.5 - 7 metre* internal warehouse clearance.
- Container height roller door.
- 4 car spaces
- Minutes to Nepean Highway & Warrigal Road.
- Nearby amenities including Westfield Southland and Moorabbin Super Centre.

Tenancy Terms:
- 4 year lease with 4 year option from February 2020.
- Leased to IA Research Pty Ltd.
- Rental of $34,576 per annum net from February 2022.
- Annual 2.75% increases.

POINT OF VIEW:

This is a prospect so rare that hens will be able to find their teeth before they secure an investment of this quality in Cheltenham.

*Approx.
Pricing excludes GST