659-669 Whitehorse Road Mont Albert VIC 3127

Development / Land
1,301 m²
Sold

PUBLIC CO. WITH A TWIST

Mont Albert is 13 kilometre's east of Melbourne's CBD. It is predominantly a white collar medium to high income residential suburb with a medium house price of $736,125.

The property itself is prominently located on the northern side of Whitehorse Road just east of the intersection of Inglisby Road.

What a dilemma, retain a publicly listed company tenant that has been in occupation for 35 years or initiate the "twist"?
The "twist" is the development potential which can take so many different forms assisted by the flexible mixed use zone and the impressive frontage to Whitehorse Road.
In summary the extraordinary attributes this property offers are as follows;
* Tenanted for over 35 years by Crane Group trading as Tradelink
* Rental $142,330 per annum net - expires June 2011 5 years 5 years
* Frontage to Whitehorse Road 42.67m (also ROW)
* Investment Opportunity or development site 1,300sqm

Network Auction
Tuesday 8th September 2009 @ 11.00am
RACV City Club, 501 Bourke Street, Melbourne

Contact Matt Nichols: 0418 186 488, George Takis 0403 259 559