7 Nellbern Road

Moorabbin VIC 3189

Shortlist

SearchBack to results

Home
› Sold
› VIC
› Moorabbin
› Factory, Warehouse & Industrial
› 7 Nellbern Road, Moorabbin VIC 3189

Sold on 1 Nov 2024

7 Nellbern Road Moorabbin VIC 3189

Factory, Warehouse & Industrial
900 m²
Sold

Unique Industrial Investment

UNDER OFFER

Nichols Crowder is proud to present 7 Nellbern Rd, Moorabbin, to the market via private sale.

There's an interesting twist with this property: the current lease is holding back its ultimate value, which could be fully realised if sold with vacant possession. The value of this property will be viewed differently by owner-occupiers and investors, each having distinct objectives:

Currently returning $75,000 p/a plus outgoings & GST, the lease extends until 2027, with a further 3-year option. The current tenant has been in occupation since 2017 and is a gift and party importer - a stable industry within the Moorabbin area, offering long-term security.

Key features include:

* Total building area: 900sqm*
* Warehouse area: 665sqm*
* First floor office area: 235sqm*
* Total land area: 922sqm*
* Building height: 5m*
* Currently returning $75,000 p/a plus outgoings & GST (Market rental $90,000 p/a plus outgoings & GST)
* Lease expiry 14th April 2027
* Option 3 years
* Rent reviews fixed 4% per annum with market upon exercise of option
* Next market rent review April 2027
* Container height roller door dimensions: 4m* Width: 3.7m*
* Three (3) phase power
* Internal lighting
* Sky lighting
* Amenities
* Kitchenette
* Four (4) car spaces
* Generous front yard allowing container and truck accessibility
* Close proximity to major arterials allowing ease of movement around the southeast

Additionally, Nichols Crowder is offering two other properties on Nellbern Road for sale:

25 Nellbern Road: A larger 910sqm building*, offered with vacant possession.
5 Nellbern Road: A neighboring property, similar to 7 Nellbern Road, being sold with vacant possession.

For further details or to arrange an inspection please contact:

David Garfield 0412 651 661
Matthew Duncan 0400 427 427
Matt Nichols 0418 186 488

OPEN FOR INSPECTION:
Tuesday 8th October 11.00am 11.30am
Tuesday 15th October 11.00am 11.30am
Tuesday 22nd October 11.00am 11.30am

DISCLAIMER:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease do

EXPRESSION OF INTEREST

Closing date and time	31/10/2024 12:00
Recipient name	Ask Agent
Delivery address	Ask Agent

Nichols Crowder Property Moorabbin

358 South Rd

Moorabbin, VIC 3189

Property Highlights

Date Sold	1 Nov 2024
Floor Area	900 m²
Land Area	922 m²
Parking	4 x Onsite parkings
Property ID	2019537818
Category	Factory, Warehouse & Industrial Offices
Last updated	28 Nov 2024

Map for 7 Nellbern Road Moorabbin VIC 3189

Nearest transport* to 7 Nellbern Road Moorabbin VIC 3189

Bus

Train

Blamey St/South Rd (Bentleigh East)	181 m
The Sandbelt Club/South Rd (Moorabbin)	183 m
Sullivan St/South Rd (Moorabbin)	217 m
Brady Rd/South Rd (Bentleigh East)	218 m

*Within a 4km radius

Did you find this helpful?

Yes

nbn® Fibre to the Node (FTTN) is available in this property

Max wholesale speed tier available: nbn® Fibre to the Node

Nichols Crowder Property Moorabbin

358 South Rd

Moorabbin, VIC 3189

Property Highlights

Date Sold	1 Nov 2024
Floor Area	900 m²
Land Area	922 m²
Parking	4 x Onsite parkings
Property ID	2019537818
Category	Factory, Warehouse & Industrial Offices
Last updated	28 Nov 2024

Co-Agents

David Garfield

Nichols Crowder Property Moorabbin

Call

0412 651 661

Matt Nichols

Nichols Crowder Property Moorabbin

Call

0418 186 488

More about 7 Nellbern Road Moorabbin VIC 3189

7 Nellbern Road Moorabbin VIC 3189 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 900 m² and a land area of 922 m². There are 4 x onsite parkings.The listing ID for this property is 2019537818.