Sold
Industrial/Warehouse

99-101 Gladstone Road Dandenong North, VIC 3175

Sold on 15 Jun 2017
  • Building: 260m²
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Industrial/Warehouse in Dandenong North

High Profile Investment With Development Upside

  • Building: 260m²

Expressions Of Interest Closing on Thursday 8th June @ 3:00pm

This is a rare opportunity to purchase a secure commercial investment. With main road exposure and a well established car detailing business. The purchaser will benefit from an existing 5 year lease as of 2014 with 1 further option of 5 years with all outgoings and GST paid by the tenant. Located on the major intersection of Gladstone Road and Heatherton Road this property benefits from both homebound and inbound traffic. Residential and commercial development in this area is well documented, both landlord and tenant should gain from the increase in consumers in this area.

Major benefits include:

  • Current Rent - $112,486.40 p.a plus outgoings plus GST
  • 5 year lease as of 1 May 2014
  • Options - 1 further option of 5 years
  • Current tenant would consider longer lease terms
  • Fixed annual 4% increases
  • 1,398m2* General Residential Zone (GRZ1)
  • 6 Bay Car Wash with 6 vacuum points
  • Long Established tenancy with onsite maintenance
  • Future Development potential
  • 800m to Eastlink
  • 2.4km to Dandenong Central
  • 1.5km to Dandenong Hospital and Chisholm Institute

For all additional information including Information Memorandums and contracts please contact Ben Ainsworth 0412 534 028 or Ryan Trickey 0400 380 438.

*Details should be read in conjunction with supporting reports available from agent.

Building:

260m²

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