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2. Property Highlights

Secure Tenanted Investment

Nichols Crowder, in conjunction with Dixon Kestles are thrilled to bring to the market via Public Auction one of the most unique and affordable investments available for the savvy investor to capitalise on.

Uniquely positioned along the highly sought after Nepean Highway with corner street profile, it is in close proximity to Moorabbin's main business/retail hub and train station.

The property is not only in an affordable price range, but in effect priced to be considered land value with income. At this price level it is unusual to be able to offer a non-strata title which means higher capital growth and appreciation.

So, with an ideal location, profile, affordability and a long lease to an established tenant - this investment is sure to look good in your property portfolio.

TENANCY:

* Leased to Well Being Chiropractic (Moorabbin) P/L

* Over 50 locations Australia wide

* Net income of $53,560 per annum (as at July 2023)

* Five (5) Year lease expiring 30th June 2027

* Three (3) further options of five (5) years through until June 2042

* Fixed increases of 3% annually and market review at option

* Property has been a chiropractic clinic for over 60 years

PROPERTY FEATURES INCLUDE:

* Total building area: 128sqm*

* Total land area: 548sqm*

* Incredible street frontage of over 48m*

* Four (4) car spaces on title

* Made up of treatment rooms, reception area, admin office, toilet and shower

* Great underlying zoning of GRZ2 - residential development upside long term

AUCTION FRIDAY 23RD JUNE AT 2 PM ON SITE

Remember to mention you found this property on CommercialReady

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3. Property Location

1029 Nepean Highway, Moorabbin, VIC, 3189

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4. Due Diligence

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1029 Nepean Highway, Moorabbin, VIC, 3189 Moorabbin
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