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Industrial/Warehouse

8/8 Oleander Drive South Morang, VIC 3752

Sold for $403,000 on 22 Jun 2016
  • Building: 164m²
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Industrial/Warehouse in South Morang

INVESTMENT OPPORTUNITY-SECURELY LEASED TO A SUBSIDIARY OF SIMONDS HOMES

  • Building: 164m²

Superb location within Melbourne's booming northern growth corridor and in the heart of South Morang's Activity Centre.
Positioned between Masters, Axis Home Maker Centre, Bunnings and Westfield Shopping Centre, with 2.1million shoppers annually.
- Returning $20,000 per annum net- Tenant pays all outgoings
- 3 year lease from the 1.4.2015 with a further 3 year option
- Annual rental increases
- Current tenant in occupation since the 1.4.2012
- 4.5m high electric roller shutter door access
- Tax Depreciation benefits
- Key pad security access
- 2 Car spaces on title
- 3 phase power

A great property to add to or kick start your commercial investment portfolio.

Building:

164m²

Zone:

Commercial 1

8/8 Oleander Drive, South Morang, VIC 3752