23 Beaumaris Parade, Highett, Vic 3190

A rare Bayside opportunity to purchase a strategic office/warehouse in this sort after location.

Property features:
+ Land Area 915 sqm*
+ Building Area 735 sqm*
+ Zoned Residential with existing as of right use
+ Currently leased Expiry date 10 March 2027 with 4 year option
+ Current rental $79,172  pa nett
+ 4.5% annual reviews
+ Possibility to occupy earlier by mutual agreement with the current tenant
+ Front and side roller door
+ Classy bright office/showroom area including boardroom and separate offices
+ 2 car spaces
+ Terms: 10% deposit, balance 30/60/90 days

Rarely do buildings come available for sale in this precinct with a perfect long term exit strategy as a recently expired permit for 6 townhouses could be rejuvenated while collecting rent.

Located just off Bay road and close to Reserve Road and Nepean Highway taking you in both directions either to Frankston or Melbourne CBD, this property offers buyers flexibility with further upside

Just Commercial
Focused on Successful Property Outcomes

* Approx