SUBSTANTIAL LAND HOLDING OF 7428 m2* - FRONTAGE TO GLYNBURN ROAD OF 110 M* - ONCE IN A GENERATION OPPORTUNITY - HELD BY THE SAME OWNERS FOR OVER 65 YEARS - 5 TITLES - EXCELLENT HOLDING INCOME - MULTIPLE TENANCIES - RARE OPPORTUNITY TO LANDBANK OR REDEVELOP (STCC) This property combines a great tenancy mix with long term upside. Perfect to landbank, the current approximate net passing rental is $330,806.24 per annum.
The current improvements comprise the following: 29 Glynburn Road 6 x Warehouse units, good concrete hardstand and carparking. 25 Glynburn Road Modern, Tilt concrete warehouse/showroom leased to Laurence & Hanson 19 Glynburn Road Converted dwelling and garaging Leased to Mind Australia
The site could also be used for a variety of uses (subject to usual consents) or enhance the existing improvements. All areas/dimensions are approximate RLA 205498
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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