71-77 Miles Grove,
Seaford, VIC 3198

Conveniently located in the heart of Seaford's Industrial Estate. Only 1.1km* from Kananook Station & 4.5km* to Frankston CAD. Next door to a council owned carpark offering additional car parking for all the neighbouring properties.

This property presents a very rare opportunity to purchase 4 Industrial units on the 1 title! With 3 of the 4 units currently leased the property is currently returning: $50,280.46 PA + GST + outgoings with a potential return of $58,680.46 PA + GST + outgoings (If unit 2 was leased). The current rent is very modest with potential for future capital growth with refurbishment or Subdivision (STCA).

With interest rates being at a record low now is the time to invest in property!

Auction Wednesday 13th November 2019 at 12pm onsite.
Auction terms: 10% Deposit, Settlement 30/60/90 days

Tenancy schedule:

Unit 1
Size: 278sqm*
Current Rental return: $23,235PA + GST + outgoings
Tenant: T/A Miles grove Café

Unit 2
Size: 84sqm*
VACANT

Unit 3
Size: 262sqm*
Current Rental return: $12,836.34PA + GST + outgoings
Tenant: T/A Edwards Ruggero Motors

Unit 4
Size: 180sqm2*
Current rental return: $14,209.12PA + GST + outgoings
Tenant: Jarryd Parr


For further information or to arrange an inspection, please contact:

James Dodge 0488 586 8...
Michael Crowder 0408 358 9...

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

* By enquiring on this property you agree to receive regular property updates and marketing communication from Nichols Crowder. You may unsubscribe at any time.