GormanKelly is delighted to offer for sale, this excellent investment opportunity comprising 560sqm of vacant land subject to a lease to Temptation Bakeries Pty Ltd. The property is used by Temptation bakeries as a carpark.
The key features of this outstanding investment opportunity include:
- The long term leases over the property, which currently returns a rental of $7,725 net per annum.
- A secure long standing tenant which has shown commitment to the site by extending its operations into the newly built cold storage facility.
- Lease with a single tenant going through to 2019 with options for further long terms.
- The land is zoned Commercial 2 under the City of Kingston Planning Scheme and is suitable for development (STCA).
Temptation Bakeries produces baked products such as pies, pastries, quiches etc for sale through major and intermediate retail chains and through its own outlet.
The property is located in the busy Chelsea Heights industrial precinct adjacent to the Mornington Peninsula freeway and a short distance from Eastlink.
This property is offered alone or together with three adjacent properties known as Units 8 & 6 and Lot E, 213-223 Wells Road, Chelsea Heights.
The properties are located in Wells Road, Chelsea Heights, just 2km from Springvale Road and the start of the Mornington Peninsula Freeway and just 6kms from Eastlink Freeway. The properties are all zoned Commercial 2 (City of Kingston).
