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Industrial/Warehouse

56 John Street Lilydale, VIC 3140

Sold on 7 Apr 2017
  • Building: 600m²
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Industrial/Warehouse in Lilydale

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.

Building:

600m²

Categories:

Industrial/Warehouse, Retail, Offices

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