48/140-148 Chesterville Road Cheltenham VIC 3192

EXECUTORS AUCTION

Richardson French is pleased to offer this fantastic opportunity at 48/140-148 Chesterville Road, Moorabbin by way of auction on Wednesday 26th May at 12pm onsite.

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 a prominent school wear tenant that has been in the industry over 30 years and supplies most of the well known schools and sporting affiliations.

Inspection is a must and we can guarantee that you won't see a much cleaner property than this one.

Property Features:
+ Container height motorised roller door
+ Double storey office
+ Air conditioned offices
+ 7m Warehouse height
+ Four (4) on-title car parks
+ Sealed warehouse floor
+ Kitchen and bathroom facilities

Investment Details:
+ Leased on a 2x2 lease expiring 30/6/2022 with a further 2 year option
+ $30,000 net rental income per annum
+ 3% annual rental increase
+ Clean use tenant
+ Tenant has long successful trading history

Contact the listed agents to organise your inspection.

Documentation available upon request.

Jeffrey Richardson 0418 328 101
Aidan Boyd 0478 770 903
Kyle McDonagh 0422 855 229