Ocean Grove
VIC
3226
Potential 5.5% Return on Outstanding Coastal Commercial Opportunity
Auction Saturday 5th April at 11:00AM (Unless sold prior) $850,000 - $935,000
Positioned for maximum exposure in the heart of Ocean Grove’s industrial precinct, this tilt slab factory/warehouse spaces offers exciting prospects for the discerning investor or owner occupier.
A standout by location, tenant, and amenity, this premium commercial offering can be purchased with options for vacant possession or agreed tenancy available, ensuring outstanding flexibility for purchasers.
Comes with leaseback option and offers 218sqm (approx.) of floor space plus a 60sqm (approx.) mezzanine with climate-controlled office. A 4.5m roller door provides outstanding entry clearance, a large clear span area ensures impressive cubic space, while 157sqm (approx.) yard area enables off-street parking capabilities for multiple vehicles. Current tenant is willing to stay on for a further 12-24 months at an agreed rate of up to $50,000 pa. Potential 5.5% return approx.
Suitable for a multitude of professional uses and backed by favourable Commercial 2 Zoning, both offerings are equipped with their own kitchenette and bathroom facilities, secure cyclone fencing, plus 10kW of solar electricity to keep running costs to a minimum.
Located amongst key local businesses and benefitting from strong passing traffic, this is a rare opportunity to position yourself for success.
