Crabtrees Real Estate are delighted to offer 4-8 Carey Street & 3a Griffith Avenue, Bentleigh East for Sale by Expressions of Interest closing Wednesday 1st December at 4pm.
With long leases to established blue chip Tenant Capital S.M.A.R.T Australia Pty Ltd, the properties enjoy fantastic exposure to North Road and a current total return of $432,342 PA NET + GST.
Within the City of Glen Eira East Village Comprehensive Development Zone, not only does this opportunity provide for secure income for the astute investor for years to come, there is a clear future upside available to take advantage of with this precinct enjoying a master plan for future mix used development.
Comprising two (2) properties and multiple titles this outstanding offering features:
+ Prominent North Road exposure
+ 4-8 Carey Street is a flexible industrial building with fantastic roof top car parking for 42 cars plus ground level parking on site
+ 3a Griffith Avenue is a versatile industrial building with front and rear roller doors
+ Seven (7) years leases from 1st July 2020
+ Total passing rent of $432,342 PA + Outgoings + GST
+ Annual CPI rent reviews
+ Two (2) further five (5) year options
+ Tenant is subsidiary of AMA Limited , see www.amagroupltd.com
+ Glen Eira East Village Comprehensive Development Zone
For further comprehensive details please contact Crabtrees Real Estate for full Information Memorandum.
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
