POINTING TO NUNAWADINGS TOP-TIER INVESTMENTS.

Sale Details

Sold on 21 Nov 2023 for $3,260,000

Description

OFFERED BY WAY OF PUBLIC AUCTION TUESDAY 21ST NOVEMBER AT 12 NOON ON SITE

POINT OF INTEREST:
Single-level building, premium tenant, and a beyond high-demand locale — this industrial investment won’t only inch you closer to commercial legacy but will take your portfolio a 'Mega Mile' ahead. Red Phase Instruments is a trusted tier-one supplier to the Electrical Power Industry and a comfortable tenant amongst 16-18 Ceylon Street. With 829 sqm* of building sitting on 1,568 sqm* of Nunawading land, the floorplan has prioritised high-clearance warehousing with a 505 sqm* set-up. There’s also on grade truck loading forklift access, a motorised roller door and additional mezzanine space. Single-level offices of 324sqm* comprise open-plan areas for displays or desks, partitioned spaces, a large boardroom, reception, and staff amenities with a kitchen. The location is one of the top suburb filters in Melbourne’s commercial scene. Enter: the Whitehorse Road 'Mega Mile', a retail strip known for playing host to Australia’s biggest brands in bulky goods and home improvement, like Bunnings, Nick Scali, Harvey Norman, Beacon Lighting and Supercheap Auto. Beyond the big names, getting here is also simple. The Eastlink sits just 2.2 km* from the front door, while the Burwood Highway and Springvale Road intersection is 3.8 km*.

- Leased to Red Phase Instruments Pty Ltd.
- $130,645.20 plus GST and outgoings in annual leasing income.
- A 5 + 5-year agreement commenced 15th December 2020.
- Annual rental increases
- 829 sqm* total building area.
- 1,545 sqm* total land area.
- 37* metre street frontage
- Favourable Industrial 1 zoning.
- 18* car spaces on-site.
- 1.4 km* to both Blackburn and Nunawading railway stations.
- 2.2 km* to the Eastlink.

POINT OF VIEW:
An asset with a standout tenant that has remained in the immediate location for over 20 years and a return offering enviable income. Add the location into the mix, and this is your next portfolio pillar investment.


*Approx.
Pricing excludes GST