1/7-17 Geddes Street Mulgrave VIC 3170

CBRE is excited to present 1/7-17 Geddes Street, Mulgrave to the market for sale via Expressions of Interest closing Wednesday, 12th May 2021 at 3pm (AEST).

Located in the the heart of Mulgrave in Monash's thriving industrial and commercial precinct, this tenanted investment gives buyers the opportunity to acquire a secure and fully leased office/warehouse in a core location.

Fully leased to Borthwick Foods, investment highlights include:

+ Lessee: Borthwick Foods
+ Term: Three (3) year lease commenced on 1st Nov 2020
+ Option: Three (3) years
+ Commencing net rental: $67,480 per annum
+ Reviews: CPI increases annually
+ Guarantee: Three (3) months security in the form of a bank guarantee
+ Food grade tenant who is considered 'essential'
+ Total building area: 532sqm*
+ Office area: 80sqm*
+ 6 on-site car spaces

Location Highlights:
+ Monash Freeway / Springvale Road Interchange: 500m*
+ Monash University: 1.5km*
+ Glen Waverley Railway Station: 3km*
+ The Glen Shopping Centre: 3.2km*
+ Springvale Homemakers Centre: 2.3km*
+ Melbourne CBD: 18.2km*

To request a copy of the information memorandum, contract of sale/section 32, or to arrange an inspection, please contact one of CBRE's exclusively appointed agents.

EOI closing Wednesday, 12th May 2021 at 3pm (AEST)

*approx.