Crabtrees Real Estate are excited to offer 14-16 & 18-20 Teton Court, Highett for Sale by Expressions of Interest Closing Friday 16th July at 4pm.
This presents an outstanding opportunity for an astute investor to acquire two securely leased industrial buildings to be sold as one.
This is an outstanding investment opportunity with long term development potential.
Located in Teton Court just off Wickham Road and within close proximity to Chesterville Road, Cochranes Road, Warrigal Road, South Road and Nepean Highway.
14-16 TETON COURT
Investment Features:
+ Leased to Ronson Gears Pty Ltd
+ Ten (10) year lease from day of settlement plus two further terms of five (5) years
+ Current rental $95,000 per annum + GST & Outgoings
+ Annual 3% increases
+ Six (6) month Bank Guarantee
Building Features:
+ Total building area: 1,103 sqm
+ Total site area: 1,529 sqm
+ Good internal warehouse clearance
+ 2 tonne travelling crane
+ Above average power supply
+ 10 car parking spaces on-site
18-20 TETON COURT
Investment Features:
+ Leased to Ronson Gears Pty Ltd
+ Ten (10) year lease from 1st June 2021 plus two further terms of five (5) years
+ Current rental $115,000 per annum + GST & Outgoings
+ Annual 3% increases
+ Six (6) month Bank Guarantee
Building Features:
+ Total building area: 1,377 sqm
+ Total site area: 1,559 sqm
+ Two level partitioned offices: 310 sqm
+ Warehouse: 1,067 sqm
+ 10 car spaces at the front of the property
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Remember to mention you found this property on CommercialReady.com.au
