A modern facility in the heart of the Somerville industrial precinct has been sold for $470,000 with the new owner planning on operating a cooking school.

Brokered by Jacobs and Lowe’s Jeremy Lewis and Michelle Adams, the property was snapped up within days of being marketed.

Mr Lewis said the Somerville industrial precinct is one of the Mornington Peninsula’s most coveted areas with tight vacancy rates.

The property has been home to Ludacris Fitness, a highly successful boutique gymnasium.

Operating from this property since 2017, the tenant has been paying a net annual rental payment of $19,860 per annum plus GST and outgoings. The lease expires in September, 2022 upon which the new owner will occupy the building.

Located at 6/55 Simcock Street, the impressive office warehouse features front and rear roller door access and offers a total floor area of 200 square metres with additional hardstand area of approximately 100 square metres. There is on-site car parking space for eight vehicles while the site area is about 571 square metres.

Mr Lewis added that demand to buy or lease industrial in the Peninsula precinct continues to strengthen with warehouse and self-storage space highly sought-after.

To request an analysis of the sale please email either of the marketing agents via the below contact forms. 

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