FOR FIRST VENTURES AND SECOND NATURE INVESTING.
OFFERS UNDER REVIEW
POINT OF INTEREST:
Private Sale Close Date Thursday 10th November at 1pm
A warehouse and office situated within a renowned business park; A safer investment doesn’t exist. You’re buying into 180 sqm* of premium building, with a tenant happily occupying this space since day1.They’re contracted to stay put until the end of 2023, with a further term of 3 years and an annual rent increase of 3%. This provides an income of $26,225.40 per annum, plus GST. Aside from the contractual benefits, the floorplan provides plenty of versatility with a high clearance clear-span warehouse and a first-floor open-plan office area. There are also inclusions such as two allocated car spaces, heating and cooling throughout, a container height roller door, and an on-site café inside the Bayswater Business Park. Sitting on the corner of Dorset Road and Mountain Highway means you’re also at a dual bus stop intersection with easy access to both the 755 and 737. The Eastlink isn’t far from site, and neither is Ferntree Gully Road (leading you to the M3) — both arterials get you into the CBD in 45 minutes. If a train is your transport of choice, Bayswater railway station is 1.68 km* away, but a bus can get you there from Mountain Highway as well.
- 180 sqm* total building area
- Long-term tenant Stuart Dent Pty Ltd has been occupying the property since day 1- circa 2010.
- Rental return of $26,225.40 per annum, plus GST
- Renewed 1st January 2021 and one further term of 3 years
- 3% annual increases.
- Industrial 1 zoning.
- 2 on-site car spaces.
- 5.7 km* from the Eastlink.
- 4.6 km* from Burwood Highway.
- 1.68 km* to Bayswater railway station.
- 28 km* from Melbourne CBD.
POINT OF VIEW:
It’s not all uncertain markets, on the contrary. If you’re in the market to get into a foolproof one, this is guaranteed income in a suburb only growing in value. Portfolios are established here.
*Approx.
Pricing excludes GST
Remember to mention you found this property on CommercialReady
