25, 21-43 Merrindale Drive, Croydon South, VIC 3136

Industrial

Sold

  • Property ID: 447065
  • Floor Area: 352m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 25 Sold 03/09/2024 352m2 N/A Contact Agent
AUTOMATIC POINT OF DIFFERENCE: THIS ADDRESS.

POINT OF INTEREST:

Presenting a prime investment opportunity, this impeccably maintained office warehouse, located in a thriving industrial precinct, promises substantial returns and long-term security. Built just two years ago, the property is currently leased to Melbourne Roofing Group Pty. Ltd, a reputable tenant committed to a five-year lease starting from April 2023.

Boasting a generous total building area of 352 sqm*, the warehouse features a spacious internal clearance of 8 meters*, ideal for accommodating a range of industrial operations efficiently. The property includes five allocated on-site car parks, enhancing convenience for both employees and visitors.

Currently generating a robust passing income of $61,285 per annum plus GST and outgoings, this investment assures stable cash flow from day one. The lease terms with Melbourne Roofing Group Pty. Ltd. provide a solid foundation for consistent returns over the duration of the lease, offering investors peace of mind and financial security. Strategically positioned within a sought-after industrial hub, with easy access to major transport routes and amenities, this property represents an outstanding opportunity to acquire a high-quality asset with a reliable tenant in place. Don't miss your chance to secure this excellent investment in Melbourne's thriving commercial property market.

- Leased to Melbourne Roofing Group Pty Ltd
- 5 year lease starting April 2023
- Passing Income $61,285 + GST and Outgoings
- 352 sqm* of total building area.
- 8 m* internal warehouse clearance.
- 5 allocated on-site car parks.
- Full-height automatic roller door.

POINT OF VIEW:

They say business success is being at the right place at the right time. We’ve already established the place, but the time is down to who gets in first to secure this fine Investment.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 60 days
  • Lease Term: 5 years plus 1 further terms of 5 years
  • Rent Review: 3.5 % annual increases , market review at option
  • Car Spaces: 5
  • Condition: As New
  • Air Conditioning: Office only
  • Floors: Concrete / Timber 1st floor office
  • Lifts: no
  • Height: 8.0 meters
  • Age: 2 Years
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: $1,200.00
  • Land Tax: TBC
  • Council Rates: $4,200.00
  • Owners Corp. / Insurance: $3,900.00
Croydon South Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $175 ---
Offices $3750 --- ---
Retail --- $259 ---
This is the average advertised price, rent and yield for Croydon South, VIC 3136*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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