Premium Investment With Development Upside

Gateway Industrial Development site with multi-tenanted income stream.

Offered to the market for the first time, 253-257 Princes Highway, Dandenong offers a unique opportunity to receive and maintain a multi-tenanted income whilst planning for future redevelopment.

The property consists of 7 individual tenancies, generating an income of around $166,000 p.a. nett. There are various leases in place, ranging from monthly to fixed terms. Essentially, we have 3 shops facing Princes Highway, plus a corner showroom used as a dental technician laboratory.

At the rear is a cabinet maker warehouse, with roller door access and good height. Behind the shops is a warehouse / storage area. The rear tenancies are accessed via Alexander Avenue. On site parking for 11 cars is provided.

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