Description
POINT OF INTEREST:
Securely leased and strategically positioned within Seaford’s tightly held industrial precinct, this front-positioned investment offers a rare opportunity to secure a modern office/warehouse with strong tenant covenant and long-term flexibility. Occupying the prominent front unit within this brand-new estate adjacent to VicRoads, the property is leased to a private business operating within the merchandising and clothing industry and provides immediate passive income with fixed annual rental growth.
The property comprises a total building area of 356 sqm*, including a significant fully permitted mezzanine level providing additional storage and a fully air-conditioned office area. High-quality finishes and modern amenities include a disabled bathroom with shower facilities, kitchenette and excellent natural light throughout. With three allocated car spaces and exceptional connectivity to Peninsula Link, Nepean Highway and Frankston Freeway, the property is ideally positioned within one of Melbourne’s strongest south-eastern industrial growth corridors.
Investment highlights include:
- Securely leased to a private merchandising & clothing business.
- Returning $47,210.05 per annum + GST & outgoings.
- Three (3) year lease commenced 1 May 2024.
- Further three (3) year option.
- Fixed 3% annual rental increases.
- Security deposit equivalent to 3 months’ rent + GST.
Property features:
- 356 sqm* total building area.
- 70 sqm* mezzanine storage area.
- 50 sqm* air-conditioned mezzanine office.
- Industrial 1 zoning.
- 8 m* warehouse clearance height.
- 3 allocated car spaces.
- Approx. 2 km* to Peninsula Link.
- Approx. 2.2 km* to Nepean Highway.
POINT OF VIEW:
A front-row industrial investment with secure income, fixed growth and the flexibility modern businesses fight over — the type of asset investors hold onto for the long term.
*Approx.
Pricing excludes GST.