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Industrial Investment With Exciting Potential!

1-5/16 Korong Road, HEIDELBERG WEST VIC, 3081

Sold

Property Sold in 1-5/16 Korong Road, HEIDELBERG WEST VIC, 3081

Miles Real Estate

143 Upper Heidelberg Road, Ivanhoe, VIC 3079

Listing ID:
11344356
Status:
Sold
Price:
$1,650,000
Last Updated:
07/06/2019
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Property Type

Industrial/Warehouse
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Land Area

1346 SQM
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Floor Area

975 SQM
Icon parking

Parking

N/A

Industrial Investment With Exciting Potential!

SOLD by Miles Real Estate. Situated in the increasingly popular Heidelberg West Industrial Estate is this impressive set of five factories on one title with multiple income streams & scope for improvement in medium to long term.

- Total building area 975 sq. metres (approx.) - Each factory 195 sq. metres (approx)
- Land Area 1346 sq. metres (approx.)
- Lease status;

Factory 1- Three (3) year Lease from April 18 with further options
Factory 2 - One (1) year lease from May 2019 with one (1) further option
Factory 3 - One(1) year lease from May 2019 with one (1) further option
Factory 4- Monthly lease
Factory 5- Short term Monthly lease

- Estimated income of $82,000.00 per annum fully leased- current passing income of $64,000 per annum with one of the factories vacant to occupy or re-lease
- Onsite parking for each tenancy
- Zoned Industrial 3
- Roller door access
- Corner site with a 28 metre frontage to Korong Road & 41 metre Frontage to Orthla Avenue
- All outgoings paid by the tenant
- Ideally located close to Metropolitan ring Road (North), Bell Street arterial and the Eastern Freeway (South)

Terms: 10% deposit. Balance 30/60/90 Days

For more details, please email agent

Miles Real Estate

143 Upper Heidelberg Road, Ivanhoe, VIC 3079


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