154-158 Bernard Street, Cheltenham VIC

For Sale

Industrial

SOLD

3127m2

Ray White Commercial Victoria are pleased to offer 154-158 Bernard Street, Cheltenham for sale by Public Auction on Thursday 30th August 2018 at 11.00am on-site.

Opportunities like this do not come up too often! If you are looking to invest or to occupy or re-develop later on then this property must be considered.

The property is currently leased to a long standing and reliable tenant since February 2014 with one (1) further term of five (5) years and returning $237,523.33 per annum plus GST plus Outgoings.

This stand-alone industrial property is well serviced and easily accessible via Warrigal Road, Chesterville Road and in close proximity to major arterials such as Nepean Hwy and the newly constructed Dingley Bypass.

Property Features:

• Total land area 4311m2 approx with Street frontage of 45m approx
• Total building area 3127m2 approx. including 315m2 approx of first floor office
• Excellent clear span warehouse area with a max height of 9.5m approx
• Dual motorised roller doors on either side, one with a loading dock
• Heavy duty power supply
• Dual amenities in both the office and warehouse area
• On-site parking for thirty three (33) cars
• Prime Industrial One Zoning (IN1Z)

Tenancy Details:

• Leased to P.H.D. Import and Export Pty Ltd
• Five (5) Year Lease commenced 14th February 2014
• One (1) further term of Five (5) years
• Current rental $237,523.33 per annum net
• Annual increases 3.75% and Market Review at the commencement of further term
• Three (3) month bank guarantee

Auction 30th August 2018 at 11.00am on-site

For further information and to arrange an on-site inspection, please contact the exclusive marketing agents.

Ryan Amler 0401 971 622
Zomart He 0433 081 721