1-3 Joyce Street,
Springvale, VIC 3171

Auction - Wed 10th December @ 12 noon on site

Modern warehouse premises with two clean tenants, at settlement will be returning approx $63,000 per annum net, both tenancies with street frontage:

1 Joyce Street:

* Leased to DDC Tool & Plastic Industries Pty Ltd
* Existing 2 year lease expires December 2009, tenant has a 3 year option,
* Current return of $24,840 with a CPI increase on 1st January 2009
* Tenancy area of 414 sqm approx.

3 Joyce Street:

* Leased to Rollerskate Investments Pty Ltd
* Existing lease expires 6th January 2011, tenant has 2 further terms of 2 years
* Current return of $35,520 per annum net with a CPI increase 6th January 2009
* Tenancy area of 592 sqm approx.

For more details and inspection, please call Gavin Dumas 0411 878 4...