EXCELLENT CORNER INVESTMENT WITH FUTURE DEVELOPMENT UPSIDE (STCA)

SOLD

934 North Road

Bentleigh East VIC 3165

Industrial

FOR SALE

490m2

Ray White Commercial Victoria proudly present to one shrewd and lucky investor, for the first time in 17 years, this well presented office/showroom/ warehouse located on an unrivalled corner location with main road frontage.

Leased to a long standing tenant 'Pro Light and Sound Bentleigh East' who has been in occupation of this building since 2000 and currently have a 5 (Five) year lease in place commenced in May 2013 with four (4) further terms of five (5) years each.

Key Features:

- Total land area 569m2 approx
- Total building area 490m2 approx
- Including 90m2 approx, air conditioned and heated office plus showroom
- Commercial grade gas heating throughout warehouse
- Electric motorised roller door at rear
- Currently returning $81,600 per annum net
- Five (5) year lease commenced May 2013 with Four (4) further options of Five (5) years
- 3 Phase power and security system.
- Amenities include M/F toilets and kitchenette
- 3 car spaces on site
- Future development upside (STCA)

AUCTION Thursday 11th August 2016 @ 1:00pm - On Site

George Kelepouris 0425 798 677
Ryan Amler 0401 971 622