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Industrial/Warehouse

4/8 Oleander Drive South Morang, VIC 3752

Sold for $400,000 on 6 Feb 2017
  • Building: 164m²
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Industrial/Warehouse in South Morang

LEASED INVESTMENT OPPORTUNITY!

  • 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 $18,500 per annum net- Tenant pays all outgoings
- 2 year lease from the 16.10.2015 with 2 further 2 year options
- Fixed 4 per cent annual rental increases with market review in year one of each new term
- 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

4/8 Oleander Drive, South Morang, VIC 3752