7/1488 Ferntree Gully Road, Knoxfield

HIGH PROFILE SET & FORGET INVESTMENT OPPORTUNITY IN BLUE CHIP ACTIVITY CENTRE PRECINCT!

Jones Real Estate is pleased to present Building 7, 1488 Ferntree Gully Road to the market For Sale via Public On-Site Auction on Friday 19th April 2024 at 1pm.

This prime investment opportunity is underpinned by its positioning within Knoxfield’s tightly held retail & industrial activity precinct and is securely leased to ‘Melbourne Renovations Pty Ltd’ for 5 years, presently returning $64,714.90 per annum plus GST & Outgoings.

Located on Ferntree Gully Road with convenient access to Stud Road, adjoining major national retailers such as McDonald’s, Decathlon, Amart Furniture, RSEA Safety, Bunnings Warehouse + more, ensuring business viability for the long term.

Key investment highlights include:

– High quality modern building of 284sqm* total building area, offering air-conditioned office space, male & female bathroom amenity, impressive showroom, and high clearance warehousing with rear loading capabilities.

– Securely leased to an established business, ‘Melbourne Renovations Pty Ltd’, on a five (5) year initial term and is presently returning $64,714.90 per annum plus GST & Outgoings with two (2) further terms of five (5) years until 2037.

– Positioned within Melbourne’s eastern activity centre and providing exceptional accessibility to major arterials including Ferntree Gully Road, Stud Road, Wellington Road, Eastlink, Dandenong Valley Hwy, Burwood Hwy and Monash Freeway.

– Boasting 11.5m* of high profile main road frontage to Ferntree Gully Road and adjoining internationally and nationally recognised occupiers such as McDonald’s, Bunnings Warehouse, Decathlon, RSEA Safety, Amart Furniture and a litany of others.

– Conveniently equipped with five (5) on-site car parks.

– Property is zoned Industrial 1 – IN1Z.

*Approx.

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.