19-23 Hereford Road, Mount Evelyn, VIC, 3796

Appleby Real Estate is delighted to offer this outstanding multi-functional investment for sale.  The property which includes an exceptional open clearspan warehouse is utilised as a sporting recreation centre and is located just minutes from the Mount Evelyn town centre.  The site makes an excellent investment and has long term development potential (STCA).

The site includes three tenants and has a combined rental of $146,442 per annum plus GST.

KEY FEATURES:

+ Building size: 3,827.5 square metres

+ Land Size: 4,891 square metres

+ Clear span warehouse facility

+ Large spectator mezzanine viewing gallery

+ Self-contained residential unit

LEASE DETAILS:

Tenant: Yarra Valley Sporting Company Pty Ltd

Rent: $105,000 per annum plus GST plus outgoings

Lease commencement: 1st April 2021

Lease term: 3 years

Lease option: 1 further option of 3 years

Increases: Fixed annual increases

Tenant: Form & Practice Mt Evelyn Pty Ltd

Rent: $21,630 per annum plus GST

Lease commencement: 1st June 2021

Lease term: 2 years & 10 months

Lease option: 1 further option of 3 years

Increases: Fixed annual increases

Residential Tenant

Rent: $19,812

Lease commencement: 21st May 2021

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