Cameron are pleased to bring to market 34 Spray Avenue, Mordialloc. The opportunity is here for an astute investor to capitalise on a rock solid investment with two street frontages and a possibility of future subdivision (STCA). Currently being used for food production and processing, the tenant has been in occupancy for almost 15 years, and has committed to a new 5 year lease with two further options of 5 years each. With an operation that services blue chip food retailers all across Australia, opportunities like this do not come up every day.
The property is located in a very well established pocket of Mordialloc and accessed by arterials such as Nepean Highway, Boundary Road, Governor Road, and once it's completed, the highly anticipated Mordialloc Bypass.
Inspections are by appointment only. Auction to be held at 11:00am Wednesday 5th September.
Property Features:
- 5 x 5 x 5 year Lease
- Commenced 25 July 2017
- Current rental $213,666 pa
- CPI reviews
- Circa 8.5% return
- 1,826sqm Total building area
- Dual street frontages
- Dual RSD's
- Side drive with loading/unloading area
- First floor office
- Extensive fitout for food production
