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An Investment That Corners Beautifully

1 Nepean Highway, MENTONE VIC, 3194

Sold

Property Sold in 1 Nepean Highway, MENTONE VIC, 3194

Nichols Crowder Property Solutions

358 South Road, Moorabbin, VIC 3189

Listing ID:
11336481
Status:
Sold
Price:
Contact Agent
Last Updated:
20/05/2020
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Property Type

Showrooms/Bulky Goods/Retail/Industrial/Warehouse
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Land Area

1896 SQM
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Floor Area

1286 SQM
Icon parking

Parking

20

An Investment That Corners Beautifully

UNDER OFFER - MULTIPLE OFFERS RECEIVED

This most impressive freehold investment property is located one of Melbourne's most sought after and well known showroom precincts, Nepean Hwy.

Positioned on the preferred outward bound side of the highway, on the corner of Nepean Hwy and Oak Ave, this profile showroom investment will be the new home to the new LDV car dealership.

Currently undergoing refurbishment, this investment will be the jewel in the crown of your investment portfolio.

Key attributes include:

* Impressive new 5 year lease to Nissan & LDV car dealership (STA)
* Net income $300,000 per annum plus, Outgoings & GST
* Fixed increases of 3% per annum,and market review at option
* Lease expiry 31 October 2023, with a further 5 year option
* All outgoings payable by the tenant (except Land Tax)
* Fully re-furbished showroom facility with rear workshop and warehouse
* Rear hardstand and wash bay area
* 20 car spaces on site
* 58 metre frontage to Nepean Hwy
* Commercial 2 zoning

This incredible investment boasts neighbours such as; a brand new Officeworks, Bunnings, Rebel Sport, Jefferson Ford, Subaru, Goodyear , Supercheap Auto, Spotlight and ALDI.

With Nissan and LDV opening soon, 1 Nepean Hwy, is an investment that will corner beautifully into your investment portfolio.

For further information, enquiries and inspections, please contact:

JAMES GLEN 0401 493 277
MATT NICHOLS 0418 186 488

NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images are subject to copyright.

For more details, please email agent

Nichols Crowder Property Solutions

358 South Road, Moorabbin, VIC 3189


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