With industrial properties in hot demand, the sale of seven leased industrial units in one line provides the perfect opportunity for investors.
Located at 1-7/16 Rosemary Court, Mulgrave, the properties comprise a combined building area of 1661sqm and a combined land area of 4,043sqm.
The property is being marketed by Ray White Commercial Oakleigh agent Ryan Amler on behalf of a private investor who has owned the property for 30 years.
“It is a rare opportunity to secure seven warehouses in one line in a prime location just off the M1 Monash Freeway,” Mr Amler said.
“All warehouses are being sold together as one and with current leases in place to an array of businesses, with a current combined net income of $204,557 per annum.
“All tenants are established and have occupied their properties for some time.
“The industrial market has been very buoyant overall however an opportunity like this rarely comes around.
“We have a broad campaign targeting investors both locally, nationally and even internationally and expect a strong response from the market
The property will be sold via onsite and online auction at 12pm on May 12.