SUBSTANTIAL LAND HOLDING OF 7428 m2* - FRONTAGE TO GLYNBURN ROAD OF 110 M* - ONCE IN A GENERATION OPPORTUNITY - HELD BY THE SAME OWNERS FOR OVER 65 YEARS - 5 TITLES - EXCELLENT HOLDING INCOME - MULTIPLE TENANCIES - RARE OPPORTUNITY TO LANDBANK OR REDEVELOP (STCC)
This property combines a great tenancy mix with long term upside. Perfect to landbank, the current approximate net passing rental is $330,806.24 per annum.
The current improvements comprise the following:
29 Glynburn Road
6 x Warehouse units, good concrete hardstand and carparking.
25 Glynburn Road
Modern, Tilt concrete warehouse/showroom leased to Laurence & Hanson
19 Glynburn Road
Converted dwelling and garaging Leased to Mind Australia
The site could also be used for a variety of uses (subject to usual consents) or enhance the existing improvements.
All areas/dimensions are approximate