Introducing 38 Essington Street, a prime industrial property that presents an exceptional investment opportunity in the sought-after precinct of Grovedale. This versatile warehouse boasts two separate warehouses, one of which is currently leased out to Belmont Service Centre, providing a steady income stream, while the other unit offers immense potential for an owner occupier or additional rental income.
Situated in Grovedale's prominent industrial precinct, this property benefits from excellent accessibility to major transport routes, including nearby highways and arterial roads. This strategic location ensures seamless connectivity to Geelong, Melbourne, and beyond, enhancing the property's desirability for both tenants and investors.
Key Features
Land area of 1,564sqm*
Building area of 596sqm*
Warehouse 1 323 Square metres
Warehouse 2 273 square metres
22.9m* frontage to Essington Street
Warehouse 1 Lease expires 1st October 2024 with four (4) further three (3) year options returning $39,891 net p.a + GST + Outgoings.
Warehouse 2 For lease at $43,500p.a + GST + Outgoings
Highly sought-after Grovedale Industrial Precinct
Industrial 1 Zone
Grovedale is home to some major retail and industrial users including:
- Total Tools
- Middays
- National Tiles
- Carpet Court
- Barbeques Galore
- Aldi
- Slumber World
- Storage World
- IGA
Don't miss this opportunity to secure a versatile industrial warehouse with dual income potential in Grovedale. Enquire now to arrange a private inspection and explore the endless possibilities this property offers for your business or investment portfolio.
For Sale $2,100,000
For Lease: Warehouse 2 $43,500 per annum net
For more information please contact Colliers agents Ben Young 0407 296 679 or Chris Nanni 0438 306 361.
*Approx
