Invest Now - Develop Later
The property consists of standalone Office Warehouse leased to Ewastec Pty Ltd and is located within the heart of the Seaford Industrial precinct with convenient access to EastLink and the Mornington Peninsula Freeways.
9 Apsley Place provides an opportunity to purchase an income producing industrial investment with longer term development potential (STCA) and strong underlaying land value.
The property provides a number of current and longer term benefits as highlighted below.
- Large land area of 3,010 sqm*
- Building area of 1,239 sqm*
- Zoned Industrial 1 – allows for future development upside (STCA)
- 3 + 3 year lease commencing 1st July 2022
- Secure net rental of $125,000 p.a. plus GST & outgoings (at 1st July 2022)
- Fixed annual 3% rental increases with a market review at the option
- The tenant is responsible for payment of 100% of the outgoings
- Long term potential for an Industrial Unit development (STCA)
- Great position within the heart of the Seaford industrial precinct
- Strong underlying land value
- Well located close to major roads and freeways and amenity
- Long standing tenant with 6 month security deposit