19 Progress Drive,
Carrum Downs, VIC 3201
Warehouse, Factory & Industrial
Key property information
Floor area
Car spaces
Tenure type
Sold on
Nichols Crowder - Carrum Downs
1 Colemans RdCARRUM DOWNS, VIC 3201
04093351...
19 Progress Drive
Carrum Downs, VIC 3201
Map of 19 Progress Drive
Winning Investment
Leased to an established business with a long history in Australian motorsport, the tenant primarily supplies new parts to the industry.
The building itself is only eight years young, offering excellent depreciation benefits still available to be claimed.
Comprising 340sqm* of ground-floor building area and six on-site car parks, the property features an impressive internal clearance of up to 8.5 metres*.
Managed by Nichols Crowder (Carrum Downs), the tenant's payment record - including rent, outgoings, and Land Tax - has been faultless.
Currently returning $44,129 + GST + 100% of outgoings, with the rent set to increase to $45,894 in December this year.
At just eight years old, the property meets modern industrial standards and should remain virtually maintenance-free. Situated behind secure fencing and motorised gates, it provides a secure and low-maintenance investment opportunity.
An investment you can truly set and forget - contact Josh Monks today to arrange an inspection.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
The building itself is only eight years young, offering excellent depreciation benefits still available to be claimed.
Comprising 340sqm* of ground-floor building area and six on-site car parks, the property features an impressive internal clearance of up to 8.5 metres*.
Managed by Nichols Crowder (Carrum Downs), the tenant's payment record - including rent, outgoings, and Land Tax - has been faultless.
Currently returning $44,129 + GST + 100% of outgoings, with the rent set to increase to $45,894 in December this year.
At just eight years old, the property meets modern industrial standards and should remain virtually maintenance-free. Situated behind secure fencing and motorised gates, it provides a secure and low-maintenance investment opportunity.
An investment you can truly set and forget - contact Josh Monks today to arrange an inspection.
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.
* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.
Carrum Downs, 3201 demographic data
The median household income for Carrum Downs is $1,658, 13% lower than Greater Melbourne's household income of $1,901. Carrum Downs has a younger age profile compared to the rest of Greater Melbourne (median age 36 vs 37). Property ownership data shows 67% of property owners in Carrum Downs have a mortgage.
21,976
Population
$1,658 per week
Median household income
36 years
Median age
Owners
Most residents
Families
Most households
Nichols Crowder - Carrum Downs1 Colemans Rd
CARRUM DOWNS, VIC 3201
CARRUM DOWNS, VIC 3201
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