19-21 Peninsula Boulevard Seaford VIC 3198

Ray White Commercial Oakleigh are pleased to offer for sale by way of 'Private Sale' this AAA investment underpinned by one of Australia's most prized ASX listed lease covenants, the property offers a passive, long-term, secure income stream.

Comprising of a modern two level reception/office plus a separate medical approved clean room site both recently renovated in the heart of Seaford's Industrial precinct.

Located right next to the freeway and a part of a strong growth corridor, 19-21 Peninsula Boulevard Seaford ticks all of the boxes, offering three (3) street frontages the property has substantial presence within the area making it the ideal investment.

Properties such are this are a once in a generation opportunity - Inspection will impress!

Key features include:

- Prime landholding | 1,605 sqm*
- Building area | 1,050m²*
- Medical grade warehouse facilities including Clean room | 600m2* (TGA Approved)
- New 5 year lease commenced July 2020 with options to 2035
- Fixed 3.5% increases plus market review at option
- Current rental of $135,000 per annum + GST & outgoings
- Securely leased to publicly listed company "Paragon Care Group Australia Pty Ltd"
- Three street frontages
- Ample on-site and street parking
- Net lease - Tenant also pay single holding Land Tax and all usual outgoings
- Significant depreciation benefits
- Industrial 1 zoning
- Prime Seaford location
- Easy ingress and egress & loading station

For further information please or to inspect the property please contact:

George Kelepouris | 0425 798 677
Theo Karkanis | 0431 391 035

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.