AUCTION FRIDAY 30TH JUNE AT 12PM ON SITE

Nichols Crowder is proud to present to the market via Public Auction 24 Roberna Street, Moorabbin.

Comprising of three (3) warehouses under a single title, 24 Roberna Street, Moorabbin certainly grabs your attention. It gets even more interesting as two (2) of these units are currently under monthly tenancy providing opportunity for part owner occupation. Being sold as a going concern, GST is not payable on top of the purchase price.

It is now seen as trendy to have an older style warehouse in Moorabbin, assisted by the gentrification of the area with new uses bringing in a different demographic and a demand for different requirements.

The new Mordialloc Freeway system has had an immediate impact on logistic efficiencies in Moorabbin as well as increased the catchment for attracting new staff, opening up accessibility to Moorabbin.

Key features include:

* Three (3) warehouses on one (1) title
* All three (3) tenanted, two (2) on month to month
* Total net income: $83,000 p.a. (net) as of September 2023
* Total building area: 851sqm*
* Roberna Street frontage: 18.2m*
* Industrial 1 zone

UNIT 1
* Total building area: 312sqm*
* Single crossover
* Two (2) car spaces
* Front loading RSD
* Leased to The Custom Food Co
* Rental $33,000 p.a. (net) approx. as of August 2023
* Lease term five (5) years + five (5) years option

UNIT 2
* Total building area: 221sqm*
* Shared crossover (with Unit 3)
* Leased to Euro UPVC (month to month)
* Rental $22,713 p.a. (net)

UNIT 3
* Total building area:
* Shared crossover (with Unit 2)
* Leased to Euro UPVC (month to month)
* Rental $27,288 p.a. (net)

For further details or to arrange an inspection please contact:

Matt Nichols 0418 186 4...


PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorized use is strictly prohibited.