1370-1372 North Road,
Oakleigh, VIC 3166
Key property information
Map of 1370-1372 North Road
POSITION AND UPSIDE
- 3 YEAR LEASE EXPIRING 2025
- INVEST, DEVELOP OR OCCUPY
- HUGE EXPOSURE TO NORTH ROAD
This rare main road site of approximately 1,466 sqm offers prospective buyers the opportunity to receive a short term income whilst they obtain their development permits.
The property is extremely well located on North Road in the very tightly held Oakleigh/Huntingdale industrial precinct. The property is only moments from major arterials and provides ease of access to greater Melbourne.
This opportunity will appeal to Investors, Developers and future Owner Occupiers.
+ Leased to Auto Salone Pty Ltd
+ Returning $80,000 per annum (net)
+ Three (3) year lease commencing April 2022
+ Annual 3% increases
+ NO FURTHER OPTIONS
+ Huge exposure to North Road with a 36.5m frontage
+ Industrial 1 Zoned
+ Excellent development potential
+ Includes existing building/workshop area of approximately 166 sqm
North Road carries a huge volume of passing traffic so why not join major occupying neighbours including Tasman Meats, Coates Hire, Kennard's Storage, Ultra Tune, Woolworths Service Station & CDC Victoria.
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Property ID: 504268408Last Updated: 25 Aug 2023