Investment opportunity, Industrial
| Building Area | 463m² |
|---|---|
| Rate | $3,672 per m² |
| Yield: | 4.72% |
| Sale History ID: | 42469 |
|---|---|
| Property ID: | 21183 |
| Advertised Price: | $1,700,000 |
|---|
POINT OF INTEREST:
The address that says it all (but we’ll say more), there’s an opening to take your business into the prestigious Merrindale Drive Estate for first impressions that linger longer. The floorplan measures 463 sqm* with an 8 m* internal warehouse clearance and full-height automatic roller doors. For efficiencies in nearly every corner; there are three entry points to the development, there’s LED lighting throughout, double-glazing, and solar hot water installed. 7 car spaces are part of the package, and the office spaces receive plenty of heating and cooling. Whether you’re a local or not, the arterial access is seamless here. You’re 1.4 km* from the Dorset and Canterbury Road intersection, and the Eastlink is only 6.5 km* away too. From Melbourne’s cocoa suppliers to elite basketball equipment, this is Croydon’s commercial hub where industries layer for richer business.
- Leased to X8 Sports Pty Ltd
- Rental $80,341.80 per annum + GST and outgoings
- 5+5+5 year lease from 1st October 2023
- 3.5% fixed annual increases + market review at options
- 463 sqm* of total building area.
- 393 sqm* of warehouse.
- 70 sqm* of office.
- 8 m* internal warehouse clearance.
- 7 car spaces allocated on site
- Container height roller doors access.
- NBN ready and solar hot water.
- 300 m* to Dorset Road.
- 6.5 km* to the Eastlink.
POINT OF VIEW:
An industrial asset that’s only 3 years old means the paint is still fresh, the finishes are polished, and the bells and whistles are all included for a warehouse that’s actually high-tech.
*Approx.
Pricing excludes GST
| Features |
|---|
| Tenancy | X8 Sports Pty Ltd |
|---|---|
| Lease Term | Five ( 5 ) years + Five ( 5 ) years + Five ( 5 ) years |
| Commenced | 1st October 2023 |
| Rent Review | 3.5% annual increases + market review at options |
| Bond/Guarantees | Equivalent three (3) months' rental plus GST + Director Guarantee |
| Outgoings Payable | Tenant as per lease agreement |
| Age | 3 years approx. |
| Air Conditioner | Yes - in office |
| Availability | Subject to a lease |
| Car Parking Fees | Nil |
| Car Spaces | 7 on site |
| Condition | Excellent |
| Floors | Concrete/Carpet |
| Height | 8 metres* |
| Lifts | n/a |
| Roller Doors | Yes |
| Sprinklers | n/a |
| Wheel Chair Access | n/a |
| Zoning | Industrial 1 Zone (IN1Z) |
| Outgoings |
|---|
| Owners’ Corporation | $5,280 p.a + GST (2025) |
|---|---|
| Building Insurance | Incl. in Owners' Corp fees |
| Council Rates | $4,180 p.a + GST (2025) |
| Water Rates | $1,320 p.a + GST (2025) |
| Essential Safety Measures | Incl. in Owners' Corp fees |
| A/C Maintenance | $825 p.a + GST (2025) |
M | 0413 251 621
T | (03) 9623 2589
E | [email protected]
M | 0400 448 755
T | (03) 9623 2556
E | [email protected]