Quality Secure Investment

Don’t miss the opportunity to secure this excellent tenanted investment located in the heart of the Braeside Industrial precinct. Totalling 622m2 of building on 1,114m2 of land, the new skylights provide ample natural light with excellent presentation.

The property is securely leased to Leuco Australia Pty Ltd who have been in the building since 2013. Their current Four (4) year term commenced on 15/02/2021 and is due to expire on 14/02/2025. They have one further option of Four (4) years potentially taking them through to February 2029. Currently returning $51,836.64 per annum plus GST and all applicable outgoings. The rent is reviewed annually in line CPI all groups Melbourne.

The property is being sold by expression of interest closing at 2pm on Thursday the 19th of May 2022. Unless sold prior.

Features include:
– Securely leased to a strong tenant
– Returning $51,836.64pa
– Four (4) year lease expiring in February 2025
– One (1) further option of four (4) years
– Excellent location
– Recently completed roof upgrade
– Plenty of car parking

10% Deposit, settle in 60/90 days.

Inspections are strictly by appointment only.

Contact Patrick Morrison of Morrison Commercial on 0438 156 232.

Braeside is Situated 26km* south-east of Melbourne’s CBD and within close proximity to major roads including Nepean Highway, Lower Dandenong Road, Springvale Road, Eastlink, recently completed Dingley Bypass. Amenities surrounding the area comprise Moorabbin DFO, Moorabbin Airport and well known Golf Courses; Capital, Woodlands and Southern Golf Clubs.

– All sizes are approximate
– All figures are GST exclusive unless otherwise stated.

96 Malcolm Road, BRAESIDE VIC 3195

SOLD
Property Features
  • Industrial/Warehouse
  • Land is 1,114 m²
  • Floor Area is 622 m²
  • Map View
  • Street View
  • Comparables
Real Estate Agent's
Patrick Morrison
SENIOR ASSOCIATE
03 9586 9907
Steven Aylen
SENIOR SALES EXECUTIVE
03 9586 9904
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