A rare opportunity to secure a quality main road investment property currently leased to Xanadu Play Centre on a ten (10) year lease expiring July 2021 plus a five (5) year further term.
The property which has been occupied by the existing tenant since July 2006 is currently returning $105,975.00 net rental per annum + outgoings & GST.
Features include 1000m2 (approx) of high clearance warehouse with both front glass tilt access and side roller door access along with ample on site common parking.
The subject property is located at the front of a highly sought after estate with no existing lease vacancy, offering exceptional main road frontage to the six lane Princes Highway and is only approximately 300 metres from the South Gippsland Highway which adjoins itself to the Monash Freeway.
A great opportunity to invest with confidence and set and forget;
10 year lease expiring July 2021 + 5 year further term
$105,975.00 net rental + outgoings & GST
Existing long term tenant since 2006
Depreciation benefits apply
For more details, please email agent