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34 Spray Avenue Mordialloc, VIC 3195

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34 Spray Avenue Mordialloc, VIC 3195

Warehouse, Factory & Industrial
Sold Price

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Land area

2109.0m²

Floor area

1826.0m²

Property extent

Whole

Zoning

Industrial Zone 1

Tenure type

Tenanted Investment

Sold on

04 Sep 2018

Return

8.5% p.a.

Long Standing Tenanted Investment - Circa 8.5% Return!

  • Circa 8.5% Return
  • - 5 x 5 x 5 year Lease
  • - Food Production Facility
Cameron are pleased to bring to market 34 Spray Avenue, Mordialloc. The opportunity is here for an astute investor to capitalise on a rock solid investment with two street frontages and a possibility of future subdivision (STCA). Currently being used for food production and processing, the tenant has been in occupancy for almost 15 years, and has committed to a new 5 year lease with two further options of 5 years each. With an operation that services blue chip food retailers all across Australia, opportunities like this do not come up every day.

The property is located in a very well established pocket of Mordialloc and accessed by arterials such as Nepean Highway, Boundary Road, Governor Road, and once it's completed, the highly anticipated Mordialloc Bypass.

Inspections are by appointment only. Auction to be held at 11:00am Wednesday 5th September.

Property Features:
- 5 x 5 x 5 year Lease
- Commenced 25 July 2017
- Current rental $213,666 pa
- CPI reviews
- Circa 8.5% return

- 1,826sqm Total building area
- Dual street frontages
- Dual RSD's
- Side drive with loading/unloading area
- First floor office
- Extensive fitout for food production

Property ID: 502840222Last Updated: 11 Nov 2018

34 Spray Avenue
Mordialloc, VIC 3195

Agency contacts

Cameron - Head Office

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Cameron - Head Office

3 Ordish Road
DANDENONG SOUTH, VIC 3175
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Matthew French
Cameron - Head Office
34 Spray Avenue Mordialloc, VIC 3195

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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