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SOLD

572 Frankston Dandenong Road, Carrum Downs, VIC, 3201

Properties / Sold / Victoria / Carrum Downs

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Contact Agent

Land Area

5,748 m² (*approx)

Floor Area

1707 m² (*approx)

Property Type

Industrial, Retail

Sub-type

Office/Warehouse, Warehouse Showroom, Mixed Use

Est. Income

$231,704 p/a

Fully Leased

Bursons Automotive

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2. Property Highlights

Best Corner in Carrum Downs - 176m* Dual Street Frontage

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 13TH DECEMBER 2023 AT 2PM

Nichols Crowder is delighted to bring to market, for the first time in 22 years 572 Frankston-Dandenong Road, Carrum Downs. These opportunities don't come around very often.

Arguably the best corner in Carrum Downs, this site boasts 5,749sqm* of prime Industrial 1 land. Fronting onto both Frankston-Dandenong Road and Lathams Road with crossovers to both. This site is adjacent to the Carrum Downs Lifestyle Centre and is only 2km* to Peninsula Link and Eastlink on/off ramps.

With a total building area of 1,707sqm* which is only 29%* site coverage, there is massive scope for developers.

Anchored with the main tenant being Bursons Automotive who are on their last 3-year lease term, the opportunities are endless. Develop, move in 3 years or land hold. You choose!

Key features include:

* Total land area: 5,749sqm*

* Total building area: 1,707sqm*

* Impressive frontage onto two main roads totalling 176m*

* Two crossovers

* Industrial 1 Zone

* Combined current rental income of $231,704 p.a.* + GST + Outgoings

For further information or to arrange an inspection, please contact the listing agents.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.

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