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10 Normanby Street
Warragul VIC 3820
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Sold on 3 May 2023

10 Normanby Street Warragul VIC 3820

  • Factory, Warehouse & Industrial
  • 900 m²
  • Sold, $1,175,000

Industrial Warehouse Investment with Upside

    Well located on the inner eastern fringe of the Warragul CBD alongside other established industrial properties resides this impressive 900m² factory warehouse. Occupying a sizeable 1,196m² allotment, the building is divided into 3 x separate occupancies.

    Well maintained, the concrete block building with colourbond cladding has 3 x high clearance roller door entries, offices and separate toilets plus extensive on-site car parking, accessible via a central concrete driveway off Normanby Street.

    Rental for the 3 tenancies totals approx. $63,600 per annum and there is potential to re-negotiate the existing leases and increase rental rates.

    Key features:

    - One title
    - 1,196m² allotment
    - Building totals 900m² (approx.) separated into 3 tenancies
    - Industrial 1 zone
    - Fully occupied current passing rent $63,600p.a (approx.)
    - Potential to renegotiate existing leases and increase rental return

    Inspection by appointment.

    Property Highlights

    Date Sold3 May 2023
    Sold Price$1,175,000
    Floor Area900 m²
    Land Area1,196 m²
    ParkingAsk Agent
    Property ID2018457332
    Category
    Last updated  5 May 2023
    Map for 10 Normanby Street Warragul VIC 3820

    Property Highlights

    Date Sold3 May 2023
    Sold Price$1,175,000
    Floor Area900 m²
    Land Area1,196 m²
    ParkingAsk Agent
    Property ID2018457332
    Category
    Last updated  5 May 2023
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