24/140-148 Chesterville Road Cheltenham VIC 3192

Richardson French is pleased to offer this fantastic opportunity at 24/140-148 Chesterville Road, Cheltenham by way of private sale.

Located right in the heart of Moorabbin/Cheltenham's Industrial Precinct, this office/warehouse is in a prime location in one of the best complexes in this area constructed by the renowned Pellicano Group.

This property is close to the major arterials including Warrigal Road, South Road and South Road Extension and Nepean Highway and will shortly be enhanced by the completion of the Peninsula Freeway Extension that joins up to the South Road Extension and in close proximity to Southland Shopping Centre.

This property is leased to leather goods brand Hallow Brands, the umbrella brand house for labels Lapoche travel accessories and Kinnon leather. These brands can be seen and purchased in many countries across the globe

Property Features:
+ Container height motorised roller door
+ Double storey office
+ Air conditioned offices
+ 7m Warehouse height
+ Three (3) on-title car parks
+ Kitchen and bathroom facilities

Investment Details:
+ Leased on a 2x2 lease expiring 30/04/2024 with a further 2 year option
+ $36,182.40 net rental income per annum
+ 3% annual rental increase
+ Clean use tenant
+ Tenant has a successful trading history

Contact the listed agents to organise your inspection.

Documentation available upon request.

Jeffrey Richardson 0418 328 101
Randor Falconer 0478 770 903