45 & 47 Korong Road,
Heidelberg West, VIC 3081

45 KORONG ROAD, HEIDELBERG WEST - AUCTON 8 DECEMBER 2016 AT 1:00PM

AN AFFORDABLE INVESTMENT!

This prominent corner site offers an opportunity for an investor to acquire a property in the heart of thriving Heidelberg West Industrial precinct.

Currently returning $26,500.00 per annum, the premises is leased to Baxter's Laundry which has occupied the site for 17 years. The current 3-year lease commenced in January 2015 with no further options. The Lessee pays all usual outgoings with annual increases.

- Building Area: 320 sq. metres (approx.)
- Land Area: 426 sq. metres (approx.)
- Zoned Industrial 1
- Office accommodation, motorised roller door access, on-site parking for 3 cars


47 KORONG ROAD, HEIDELBERG WEST - AUCTION 8 DECEMBER 2016 AT 1:30PM

INDUSTRIAL PREMISES WITH TWO STREET FRONTAGE!

This well presented brick factory of 600 sq. metres (approx.) enjoys dual roller door access from Korong Road and Lillimur Avenue and is a perfect acquisition for both a passive investor or an owner-occupier seeking to establish their business in the short to medium term.

Currently returning $39,250.00 per annum plus GST and outgoings, the property is leased on a remaining short term arrangement, occupied by the Lessee since 2002.

Perfectly positioned in the very popular Heidelberg West Estate on an allotment of 915 sq. metres (approx.), the site enjoys excellent access to the Metropolitan Ring Road (5km North) and Bell Street and Eastern Freeway (4km South).

Terms: 10% Deposit. Balance 30/60 Days.

Miles Real Estate.