7/450-466 Princes Highway, Noble Park, Vic 3174

*** LONGSTANDING TENANT PAYING SIGNIFICANTLY BELOW MARKET RENTAL LEVELS ***

Crabtrees Real Estate are excited to offer this prime office/warehouse investment located at Unit 7/450-466 Princes Highway, Noble Park for sale.

The office/warehouse is securely leased to long standing tenant Badminton First, who have invested to create a state-of-the-art Badminton Centre. 

The property has a valuable planning permit to allow the tenant to operate the Badminton Centre.

The facility also includes quality office accommodation and a fully sprinklered,  high-volume warehouse with a maximum clearance of 13 metres, ideally suited to the tenant's use as well as traditional warehousing uses.

Key Property Features: 
+ Building Area: 2,752 sqm
+ 39 car park spaces on title
+ Future proof generic Modern office / warehouse
+ High Clearance Warehouse with up to 13 metre clearance
+ ESFR Fire sprinklered facility. 
+ Permitted to allow use as a Badminton Centre 

Lease Terms:
+ Tenant: Badminton First
+ Term: Twelve (12) years x Five (5) Years x Five (5) Years
+ Rental from 1st April 25: $294,673.64 per annum (net) plus GST. ($107 psm)
+ Commencement: 1st April 2017, expiring 31 March 2029
+ Rent Reviews: Annual fixed reviews of 3% with a market review at the option period
+ Security: Bank Guarantee of $226,940.97 being equal to the aggregate of the Landlords estimate of 9 months rent and outgoings plus GST as at the lease commencement date. 
 
Located within the tightly held Noble Park industrial precinct, access all areas of greater Melbourne via multiple major arterials via:

• 1.5 km* to EastLink
• 2.9 km* to M1 on ramp
• 3.3 km* to Springvale Road
• 5.6 km* from Dandenong CBD
• 30 km* from Melbourne CBD

Crabtrees Real Estate is built on history, reputation and expertise. 

We offer a level of knowledge others can't match. 

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!