SECURE OAKLEIGH INVESTMENT WITH RENEWED 5 YEAR LEASE
2 Kingston Town Close, Oakleigh, VIC 3166
RWC Oakleigh is excited to present 2 Kingston Town Close, Oakleigh to the market which will be offered via a public on-site and online Auction scheduled for Wednesday 8th May 2024 at 11:00 am.
This set & forget freehold investment property boasts an exceptional location only moments from Chadstone Shopping Centre, a substantial street presence of 26.4m* and sits upon 1,698m2* of prime industrial 1 zoned land. Moreover, it features a reputable Tenant who has been effectively utilising the premises as their head office & showroom since 2019 and have just renewed their lease for another 5 years (commencing 1st June 2024) which further highlights the viability of this fantastic opportunity.
The property benefits from having rear access, abundance of on-site parking and is conveniently located just off Princes Highway with immediate access to Ferntree Gully Road, Monash Freeway (M1), Warrigal Road & Huntingdale Road. The owners have also undertaken substantial works including the upgrading of heating / cooling units, ceiling tiles, electrical works, new roof, new flooring and the re-caulking of windows which is sure to keep any future maintenance to an absolute minimum.
The Tenants themselves have invested significantly into the property which reinforces the security of this investment. With the property having last changed hands some 10 years ago, this is not an opportunity you want to miss!
Property Attributes:
• Only 15%* site coverage
• Industrial land holding | 1,698m2*
• Total building area | 500m2* over two levels
• Renewed 5 Year Lease (1st June 2024)
• Current Rental | $137,312 p/a + GST + outgoings^
• Substantial capital works completed by Landlord
• Upgraded heating / cooling units throughout
• High quality fit-out with amenities on both levels
• Tenant has multiple showroom locations
• Circa 28 car spaces on-site
• Easy access to majo...