Crabtrees Real Estate is pleased to offer this freehold investment with immense development upside on busy White Street, Mordialloc, via Public Auction on Wednesday 24th November at 11am.

This asset is located within a 'Mixed use zone' and is situated within one of Melbourne's most sought after development catchments. Purchasers can enjoy the income benefits of this property and capitalize on the development potential later.

Logistically, this property is located in a very sought after location with easy access to Nepean Highway and Boundary Road.

Investment details:

+ Lease - 5 years expiring November 2024 (No option)
+ Rental: $28,981 plus GST & Outgoings
+ 3% annual increase
+ 5 year lease
+ $4,583.21 security deposit

Property details
+ 390 sqm* office/warehouse facility
+ 586 sqm* freehold land
+ 20 sqm* office
+ Clear span warehouse
+ Invest now & develop later
+ Zoning - Mixed use

AUCTION Wednesday 24th November at 11am.

You can now Watch, Bid and Buy online at this auction via the Anywhere Auctions website or app by clicking the link.

https://anywhereauctions.com.au/app/property?propertyId=17852

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!