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26-28 Vernon Avenue & 20 Percy Street, HEIDELBERG WEST, VIC, 3081

2. Property Highlights

Industrial investment with dual frontage offering future value-add potential

**** SOLD *****

Gross Waddell ICR is excited to offer this outstanding opportunity, located in the heart of a tightly held industrial precinct, some 10km’s north-east of Melbourne’s CBD, leased to a longstanding tenant and providing future flexibility to occupy or redevelop (STCA) on expiry of the current term.

• Current rental of $127,080* p.a. net plus GST with 3% annual increases

• Recently renewed lease for 5 years commencing 15/3/2023

• Sizeable landholding of 1,886 sqm* on one title

• Two street frontages - Vernon Avenue & Percy Street

• Building Area of 1,412sqm*

• Zoned Industrial 1 (IN1Z)

• No further terms – allowing flexibility to occupy or develop (STCA) on expiry of lease

Expressions of Interest Closing Wednesday 29th March at 3pm.

For further details contact the exclusive sales agents at Gross Waddell ICR.

Remember to mention you found this property on CommercialReady

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3. Property Location

26-28 Vernon Avenue & 20 Percy Street, HEIDELBERG WEST, VIC, 3081

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4. Due Diligence

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26-28 Vernon Avenue & 20 Percy Street, HEIDELBERG WEST, VIC, 3081 Heidelberg West
Gross Waddell ICR
Gross Waddell ICR
Level 1, 30 Collins Street Melbourne VIC 3000
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