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41-49 Cherry Lane, VIC, 3026

+7 Photos

+9 Photos

SOLD

41-49 Cherry Lane, VIC, 3026

Properties / Sold / Victoria / Laverton North

Investment Potential

1. Property Summary

Selling Method

SOLD

Selling Details

SOLD

Land Area

1.01 hectares (*approx)

Floor Area

6326 m² (*approx)

Property Type

Other, Industrial

Sub-type

Office/Warehouse

Terms

Lease expires October 2025 with one 3 year option

Est. Income

$436,152 p/a

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2. Property Highlights

LAND RICH INDUSTRIAL OFFERING WITH AAA TENANT

Teska Carson is thrilled to present 41-49 Cherry Lane, Laverton North for sale, providing outstanding opportunity for investors, developers and owner occupiers seeking to capitalise on the hottest segment of commercial real estate in Australia.

For Sale via Expressions of Interest closing Thursday 7 September 2023 at 3pm.

Key investment considerations include:

- 10,050 square metres of land

- 6,326 square metres of building

- Current Income: $436,152 pa plus GST

- Lease expires October 2025 with one 3 year option, providing significant reversionary rental potential at market review whilst allowing value add buyers to further improve the building or owner occupation in under 5 years

- Quality national tenant: CSF Proteins

- Located in the heart of Laverton North, one of the most popular industrial precincts in Australia, due to immediate proximity to major arterials, other major industrial facilities and transport hubs

Please do not hesitate to contact the listing agents for further information or to arrange an inspection.

Remember to mention you found this property on CommercialReady