UNDER INSTRUCTIONS FROM THE MORTGAGEE; OCCUPY AND LEASE – PERFECT FOR OWNER OCCUPIERS AND INVESTORS – 2 OFFICE WAREHOUSES ON ONE TITLE.
AUCTION 11AM FRIDAY 22ND MARCH 2019 on site
3 Crystal Avenue – Currently tenanted to 14th April 2021 for a passing net rental of $24,793 (review of CPI +2% due 15th April 2019) comprises concrete block office/warehouse of approx. 300 m2 with iron roof, office, sep male and female wc’s, kitchenette, mezzanine storage, 3 phase power and loading canopy. Roller door access to canopy and to Crystal Avenue along with car parking.
3a Crystal Avenue – Corner tenancy current monthly tenant at $22,242 gross plus GST comprises good quality office/warehouse of approx. 290 m2 with 3 good sized offices (all with split system ac), mezzanine storage, security system, 3 phase power, sep male and female amenities including shower, kitchen/lunchroom , open yard/carpark/hardstand with double gates and chainmesh fencing,
The property is located on the corner of Crystal Avenue and Ragless Street and has good access and street appeal. Surrounded by quality tenancies and just off South Road, the property is well suited to a variety of uses (subject to usual consents). Zoned by City of Mitcham as Commercial (South Road) Zone.
Note: All areas/dimensions are approximate
RLA 205498 & 166790