Dual Building, Dual Income Investment With Solid Children's Play Centre Anchor Tenant

Facey Property & Just Commercial are proud to offer this property for sale by way of Expression of Interest with offers closing Thursday 16th March at 4pm.

Take advantage of this exciting dual premises investment property zoned Commercial 2 – 3859m2 in land size. A quality nationally recognised tenant in Lollipops children’s entertainment centres and a separate adjoining warehouse business provide a combined passing net income of $190,111 PA, both offer direct street frontage and approximately 50 onsite car parking spaces. However, the hidden bonus lies within in the land potential for future sub-division (STCA) given the size, location and multi title offering.

Conveniently located midway between Melbourne and the ever-expanding upcoming industrial corridor of Pakenham to the east it offers immediate access to Princes Hwy. The South East’s two other primary arterials most notably the Monash Freeway (M1) & Eastlink are both within very easy reach/access and make this a key asset future hold proposition.

Tenancy 1 – Lollipops Playland & Café centres are a well-established modern-style business with exceptional presentation and operation boasting 28 franchises Australia wide. Operating here under 1877m2 of roofline the premises provides high exposure to passing traffic. Included is a commercial kitchen facility, several party rooms and the main central play zone. Only seven years into an original 15-year lease term currently returning $162,298 nett pa + GST, a further two five-year options available with annual rent increases of 3% woven in.

Tenancy 2 – A long standing locally recognised mechanical workshop operator of over 20 years, Gerry from Lobitana Repairs has occupied the 288m2 warehouse and proven to be an exceptional tenant. Highly visible, it offers great exposure and signage rights for the occupier. Presently returning $27,813 nett + GST this property is currently in a tenancy overhold position pending the sale outcome.

A solid investment in so many ways, make sure you check it out thoroughly. An opportunity not to be missed.