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Facey Property is proud to offer this property for sale by way of Expression of Interest closing Thursday, 15th June at 4pm.
Recently commenced 5-year lease returning $67,550pa with CPI annual increases applicable, this site is leased to a well-established business and quality tenant The Red Shed with a five-year option until 2032.
Located in Melbourne's fast growing outer south-east corridor, current site coverage of only 32%, the property presents itself as a strong future higher use re-development site (STCA) for added gains and consideration.
It features two street frontages, rear parking area accommodating approximately 12 vehicles. Additionally, the property boasts excellent direct exposure and high visibility from Princes Highway. Thousands pass by the property daily and major retailers adjoin it. Close to the M1 and Eastlink, this property offers a solid future asset investment strategy.
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