NEW 3 YEARS LEASE, LONG-TERM GROWTH = BEST ON THE BLOCK.

Sale Details

Sold on 26 Mar 2024

Description

POINT OF INTEREST:

Warehousing that knows no bounds, front and centre on Boundary Road — this is the accessible entry point into Bayside’s best suburb. The building itself is made up of 155 sqm* of cleverly designed warehousing with roller door access, making this the ideal asset for trades or logistics businesses in the area. In saying that, there are also two fitted cool rooms/fridges that can stay put or be removed, turning this into an attractive offer for food storage occupiers. The local investor should also pay attention, as it’s currently leased to Pakers International Trade on a recently renewed 3-year lease set to commence in March 2024. The rental income is set to $28,000 per annum, but considering the demand for assets like this in Mordialloc, there will be no shortage of demand come FY27 if the need arises. And with arterials close by like the Mordialloc Freeway, the Dingley Bypass, and the Nepean, we’re forecasting an enquiry from every savvy commercial player south of the river.

- Leased to Pakers International Trade Pty Ltd.
- Renewed 3-year lease from March 2024.
- $28,000 per annum in leasing income.
- 155 sqm* total building area.
- Industrial 1 zoning.
- 2 car spaces on Title, plus an additional 14 on-site.
- Fitted with 2 cool rooms/fridges that can be kept or removed.
- 800 m* to the Mordialloc Freeway.
- 3.1 km* to the Dingley Bypass.
- 2.4 km* to the Nepean Highway.

POINT OF VIEW:

Flexibility in spades. Not just because of the floorplan, but the tenant plan — making this asset the front-runner for investors and future owner-occupiers alike. To run ahead of the pack, act quickly.

*Approx.
Pricing excludes GST