RARE TENANTED INDUSTRIAL FOOD PRODUCTION.

Sale Details

Sold on 02 Oct 2023 for $705,000

Description

POINT OF INTEREST:

Rare specialty-built fit-out for food production/retail facility since July 2019 by a strong strong family-owned business producing homemade biscuits. In place is a 5 + 5 + 5 year agreement, returning $41,026 per annum and a potential yield of 6%. The 195 sqm* of total building space has been designed for seamless food production, storage, distribution and on-site sales, which explains why the tenant is unlikely to vacate. What’s more, the street frontage to Boundary Road makes for blatant business exposure, and the roller shutter door access to the warehouse takes care of the in-gredients and outgoings. 3 car spaces on Title are all yours, but there’s also an additional 14 on-site for taste-testers.

- Leased to Amazon Pharma Pty Ltd T/A Bizarri Dolci.
- Current leasing agreement: 5 + 5 + 5 years beginning on July 2019.
- $41,026 per annum + outgoings.
- 195 sqm* total building area.
- Industrial 1 zoning.
- 3 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:

A property that's sure to satisfy your investment cravings that's well located to take advantage of the thousands* of cars passing daily.

*Approx.
Pricing excludes GST