14 Centre Road & 43 Alexanders Road,
Morwell
Sold1 of 18High Yielding Industrial Investment Securely Leased To Reputable Long-Term Tenant
Industrial/Warehouse
825m2 FLOOR|2,355m2 LAND
Sold - $1,325,000
- Renewed 5-year lease to Mechanical Maintenance Solutions, a very successful long standing local business servicing multiple projects throughout Australia
- Current rent $84,866.18 p.a + GST, tenant pays all usual outgoings
- Fixed 3% annual increases, market review at options
- 2 further option periods, each of 5 years
- Bank guarantee of $17,500
- Total site area approx. 2,355sqm* with 2 street frontages
- Heavy duty industrial building of 630sqm* plus a further 70sqm* of office space. The office space comprises multiple modern ground and first floor offices, meeting rooms and excellent staff amenities
- Additional shedding of 125sqm* and outbuildings
- Zoned Industrial 3 (IN3Z) - Latrobe Planning Scheme
- Scope for some future development (S.T.C.A)
*(approx.)
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