58-62 Geddes Street Mulgrave VIC 3170

Knight Frank is excited to offer for sale this truly rare industrial investment at 58-62 Geddes Street, Mulgrave via Expressions of Interest campaign closing Thursday 10th November 2022 @ 4pm AEDT.

The site is located within 1km from Monash Freeway (M1) providing the ultimate access to Melbourne's vast road network. It is surrounded by established and well regarded occupiers such as Pfizer, Daimler Chrysler, Tesla and Amazon.

The property is currently leased to iD Signs until 2024 and they have been in occupation since 2014.

Key Site Features:

- Building area 2,093 sqm*
- Land area 2,920.9 sqm*
- Combination of ground floor and 1st level office and showroom area
- Excellent internal warehouse clearance
- Multiple Roller doors
- Secure yard/carparking area
- Rare freehold opportunity
- Ample on site allocated carparking

Tenancy details:

Tenant - iD Signs Pty Ltd.
Commencement Date 20th June 2014
Lease Expiry 11th September 2024 with an additional 3 year option
Current Rental $206,000pa + GST + Outgoings
Rental Reviews 3%
Security Bank Guarantee for $54,000

For private inspection or detailed IM please contact exclusive agents Knight Frank.

**MAGREE Property Advisory**