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5 Squires Way, Croydon South, VIC, 3136

2. Property Highlights

Take Your Investment to a New Height
  • Non-retail lease
  • Current rent $319,425.96 net pa
  • Modern 2,752 sqm office warehouse

GormanKelly is pleased to exclusively offer 5 Squires Way, Croydon South for Sale by Expressions of Interest, closing Wednesday 10th April 2024 at 2pm.

Lease

• 7 years from the 1st May 2021

• Current rent - $319,425.96 per annum net plus GST (land tax paid by tenant under a single holding basis)

• Option 2 x 3 years with annual increases at 3% and fair market review at the option

• Personal guarantee and 4-month bank guarantee bond

• Non-retail lease used by a 3PL operator established in 1983 as an independent parcel carrier, providing excellent service around the Melbourne Metro area

Building

• Modern 2,752 sqm office warehouse located in a prestigious industrial estate

• Titled land area of 3,920 sqm approx.

• Fully refurbished in recent years offering modern office accommodation

• 11m high approx. warehouse with full sprinkler system

• Large canopy for all-weather protection

• 3 access roller doors

• Generous car parking – 43

Area

• Located in the well sought-after Merrindale Estate

• Close proximity to main arterials

• Multiple cafés within easy walking distance

• Wide road networks and street parking.

PROPERTY VIDEO: https://youtu.be/bHzt0dPCYdA

Tenant info: https://www.swdwarehousing.com.au/

To obtain an Information Memorandum, Contract of Sale, and/or an Expression of Interest form or to arrange an inspection, please contact Jason Beveridge today!

Remember to mention you found this property on CommercialReady

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3. Property Location

5 Squires Way, Croydon South, VIC, 3136

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4. Due Diligence

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5 Squires Way, Croydon South, VIC, 3136 Croydon South
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