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5 Gateway Drive, CARRUM DOWNS VIC, 3201

Sold
https://dduaaywsz-res-4.cloudinary.com/image/upload/v1589982747/z5krld0rppqbd6gubkxo.jpg

Property Sold in 5 Gateway Drive, CARRUM DOWNS VIC, 3201

Nichols Crowder (Carrum Downs)

Level 1, 1 Colemans Road, Carrum Downs, VIC 3201

Listing ID:
11361544
Status:
Sold
Last Updated:
20/05/2020
Price:
$2,200,000 + GST
Icon building

Property Type

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

2541 SQM
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Floor Area

975 SQM
Icon parking

Parking

41

Secure 10-year Lease Term.

Construction of this factory leased by Lollipops (Timtom Pty Ltd) was completed in Aug 2005. Lollipops have a 10-year lease which commenced in Aug 2015. The current rental is $147,468 per annum + GST gross (approximately $135,268 p.a net) with annual rental increases.

The head lease is between the landlord and the two directors of Lollipops who have both signed personal guarantees and paid a substantial bond.

Established for over 20 years Lollipops now have 27 Australian locations with 5 international sites and 5 more opening soon.

With a building area of 975sqm* situated on 2541sqm* of industrial 1 zoned land, the warehouse is perfectly suited to a business needing ample car parking (41 on-site) or external storage space for containers, goods etc.

For further information or to arrange an inspection, please contact:

Josh Monks - 0409 335 179

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

*Denotes Approx.

For more details, please email agent

Nichols Crowder (Carrum Downs)

Level 1, 1 Colemans Road, Carrum Downs, VIC 3201


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