Smashing Investment with Development Upside
- Building: 600m²
Ray White Commercial Glen Waverley in conjunction with the Ray White network, are pleased to offer an exciting investment with development upside.
This tenanted investment enjoys both a lease with approximately 2.5 years remaining along with the added benefit of recent planning changes. These new overlays offer great future development potential for up to 4 levels (STCA), however should you wish to invest and hold the property it has great track record and also strong rental potential into the future.
Other benefits include:
- Land: 739m2* Building : 600m2*
- Zoning: Commercial Zone 1 (CZ1) with Design Development Overlay 4 (DDO4)
- Lease: 5 year lease as of September 2014 with no further options.
- Current rent: $39,320 per annum plus outgoings plus GST
- Potential for development of up to 3-4 levels STCA
- Potential for dual active frontages, one backing onto Lilydale Marketplace.
- Ability to continue relationship with existing occupier
For all additional information including IM's and Contracts please contact Ryan Trickey 0400 380 438 or Ben Ainsworth 0412 534 028.
Industrial/Warehouse, Retail, Offices