Commercial Real Estate Group are pleased to exclusively offer 1-3/583-585 Dorset Rd Bayswater North for sale by Private Sale for the first time in over 30 years.
Situated on 11,626sqm of prime Industrial 1 Zoned INDZ1 land and being fully tenanted returning approx. $300,000pa + GST this asset will whet the appetite of investors and developers alike.
Main Road frontage, favourable zoning, tightly held precinct and situated on two titles the future upside options are aplenty.
The current holding income will allow the opportunity to landbank whilst pondering future development plans.
Located 28kms east of Melbourne CBD adjacent to Jayco Bayswater and Canterbury Caravans and surrounded by majors such as Bunnings, BCF, Canterbury Gardens Woolworths and national fast food Retailers, the property is also in close proximity to Canterbury Road, Maroondah Highway, Ringwood Bypass and EastLink.
Three tenants occupying the site:
1. Jax Tyres – National Tenant (Front building of 825sqm*)
2. Canterbury Tyres – Long existing tenant, building of 825sqm*
3. Ruband Tyres- 30 plus years in occupation
Note: Rear parcel of separate titled 7714sqm* land with current low site utilisation of approx. 28% or 2160sqm of outbuildings at the rear, balance of area being concreted hardstand.
0421 881 795
Commercial Real Estate Group – Setting the standards others follow!
For more details, please email agent