Industrial Investment In Prime Position

This freehold investment provides an excellent opportunity for the astute investor to acquire a property with excellent underlying property fundamentals, good passive income, and rental upside.

Current investment details include:
Renewed 3 x 3 year term commenced 23 August 2024
Current passing rent of $86,040 + GST and outgoings ($99.35/m²)
3% annual reviews
Non-retail lease provides all outgoings payable by the tenant, including land tax
Strong rental uplift opportunity at the next market review
Asking price equates to $2309/m² providing outstanding long term buying
The building is situated on 866m² and primed in 1,350m² industrial one-zoned land. Additional amenities include a 93m² single-level office area, male and female amenities, a lunch room, and a shower.

The property exhibits broad frontage to busy Swift Way, which connects Frankston-Dandenong Road with Hammond Road. It has 12 parking spaces available.

Enquire at www.faceyproperty.com.au to make your next move.