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With a long list of features, this asset will make a profitable addition to your portfolio.
Located on a corner allotment in an established and central industrial position, the property offers three roller doors and two egress points providing outstanding flexibility for the occupier. Fitted offices are in place over two levels and there is substantial power with CT Metering along with generous solar system.
The sitting tenant has a 5 x 5 year term with the current passing rent of $145,982 + GST and Outgoings considered below market ($84/m²). This provides scope for strong growth and is endorsed by the sub tenant who is paying $180,000 ($103/m²) pa which is still very conservative in todays market.
Current term expires 14/06/25, when the opportunity for a significant rental lift occurs.
Located just off Greens Road and within close proximity to Eastlink, South Gippsland Hwy & Frankston-Dandenong Road.
Enquire at www.faceyproperty.com.au to make your next move.
Remember to mention you found this property on CommercialReady
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