LARGE MULTI-FUNCTIONAL INVESTMENT
19-23 Hereford Road, Mount Evelyn, VIC 3796
Appleby Real Estate is delighted to offer this outstanding multi-functional investment for sale. The property which includes an exceptional open clearspan warehouse is utilised as a sporting recreation centre and is located just minutes from the Mount Evelyn town centre. The site makes an excellent investment and has long term development potential (STCA).
The site includes three tenants and has a combined rental of $146,442 per annum plus GST.
KEY FEATURES:
+ Building size: 3,827.5 square metres
+ Land Size: 4,891 square metres
+ Clear span warehouse facility
+ Large spectator mezzanine viewing gallery
+ Self-contained residential unit
LEASE DETAILS:
Tenant: Yarra Valley Sporting Company Pty Ltd
Rent: $105,000 per annum plus GST plus outgoings
Lease commencement: 1st April 2021
Lease term: 3 years
Lease option: 1 further option of 3 years
Increases: Fixed annual increases
Tenant: Form & Practice Mt Evelyn Pty Ltd
Rent: $21,630 per annum plus GST
Lease commencement: 1st June 2021
Lease term: 2 years & 10 months
Lease option: 1 further option of 3 years
Increases: Fixed annual increases
Residential Tenant
Rent: $19,812
Lease commencement: 21st May 2021
Mr Andrew Hill
Mr Nick Draffin