Description
Sold Off-Market.
POINT OF INTEREST:
For the astute investor, this Notting Hill asset offers an exceptional combination of location strength, modern improvements, and an established tenancy. Securely leased to Harris HMC Interiors Pty Ltd, the property generates a net income of $50,960 per annum + GST and outgoings, under a three (3) year lease commencing May 2024, with a three (3) year option, 4% annual increases, and a six (6) month security deposit held.
Strategically positioned within one of Notting Hill’s most tightly held industrial and commercial pockets, the 273 sqm* premises presents as a modern, low-maintenance investment underpinned by excellent accessibility. The building comprises a versatile ground-floor showroom with a container-height roller door and functional warehouse area, complemented by first-floor partitioned and open-plan offices ideal for administration or client-facing operations. With heating and cooling throughout, male and female amenities, and four on-site car parks, the property is built for enduring tenant demand and minimal future capital expenditure.
- Total building area: 273 sqm*
- Leased to Harris HMC Interiors Pty Ltd
- Three (3) year lease from May 2024 with a three (3) year option
- Current rent: $50,960 p.a. + GST & Outgoings
- Annual increases of 4%
- Six (6) month security deposit held
- Four (4) allocated on-site car spaces
- 1.3 km* to the Monash Freeway
- 1.7 km* to Dandenong Road
- Special Use Zoning – Schedule 6
POINT OF VIEW:
With a secure lease in place, annual rental growth, and a sought-after location at the heart of Monash’s commercial belt, this property delivers the hallmarks of a smart industrial investment — reliable income, a quality covenant, and a position that promises lasting value.
*Approx.
Pricing excludes GST.
