1635 Main Road Research VIC 3095

CBRE is pleased to offer 1635 Main Road, Research for sale via Expressions of Interest closing Wednesday 8th June 2022 at 3pm AEST.

The site is being offered for sale for the first time in 47 years and represents a unique opportunity to purchase the only significant industrial land parcel in Research.

Located on the main road in the tightly held Research Industrial Precinct, the site sits only 3.5km* to Eltham's town centre and benefits from being surrounded by a large residential catchment as well as sitting on the doorstep of the Yarra Valley. The property's location will be further enhanced with the forthcoming North East Link, providing greater access to Melbourne's CBD and the eastern suburbs.

Property features include:

+ Total land area: 5,438sqm*
+ Total building area: 404sqm*
+ Well fitted internal office space
+ Main road exposure
+ Fully fenced secure yard
+ Two full size roller doors
+ Secure area for unloading and container storage
+ Excellent long term development potential
+ Industrial 3 zone
+ Long term secure tenant

Lease Details;

+ Tenant: Indigenous Design Environmental Services
+ Lease expiry: July 2027
+ Current rent: $70,445.64 per annum increasing to $76,187.04** from August 1st
+ Security Deposit: $13,000 + GST
+ Annual increases: CPI

For further information, please contact the exclusively listed CBRE agents.

*approx.

**based upon 3% CPI