7 Nellbern Road, Moorabbin, Vic 3189

UNDER OFFER

Nichols Crowder is proud to present 7 Nellbern Rd, Moorabbin, to the market via private sale.

There's an interesting twist with this property: the current lease is holding back its ultimate value, which could be fully realised if sold with vacant possession. The value of this property will be viewed differently by owner-occupiers and investors, each having distinct objectives:

Currently returning $75,000 p/a plus outgoings & GST, the lease extends until 2027, with a further 3-year option. The current tenant has been in occupation since 2017 and is a gift and party importer - a stable industry within the Moorabbin area, offering long-term security.

Key features include:

* Total building area: 900sqm*
* Warehouse area: 665sqm*
* First floor office area: 235sqm*
* Total land area: 922sqm*
* Building height: 5m*
* Currently returning $75,000 p/a plus outgoings & GST (Market rental $90,000 p/a plus outgoings & GST)
* Lease expiry 14th April 2027
* Option 3 years
* Rent reviews – fixed 4% per annum with market upon exercise of option
* Next market rent review – April 2027
* Container height roller door dimensions: 4m* Width: 3.7m*
* Three (3) phase power
* Internal lighting
* Sky lighting
* Amenities
* Kitchenette
* Four (4) car spaces
* Generous front yard allowing container and truck accessibility
* Close proximity to major arterials allowing ease of movement around the southeast

Additionally, Nichols Crowder is offering two other properties on Nellbern Road for sale:

25 Nellbern Road: A larger 910sqm building*, offered with vacant possession.
5 Nellbern Road: A neighboring property, similar to 7 Nellbern Road, being sold with vacant possession.

For further details or to arrange an inspection please contact:

David Garfield 0412 651 661
Matthew Duncan 0400 427 427
Matt Nichols 0418 186 488

OPEN FOR INSPECTION:
Tuesday 8th October 11.00am – 11.30am
Tuesday 15th October 11.00am – 11.30am
Tuesday 22nd October 11.00am – 11.30am

DISCLAIMER:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease do