Outstanding industrial freehold in Nunawading’s ‘Golden Mile’.

This impressive showroom/warehouse on a large, valuable site has all the right commercial ingredients: wide frontage, abundant off-street parking, impeccable presentation and A-grade eastern suburbs location.

Offered for private sale by GrayJohnson, the property currently has two commercial tenants – Charlie Battisti and Co, an auto repair business specialising in luxury brands Porsche, BMW and Mercedes Benz, and a furniture company (Ellabay Coops P/L).

The main tenancy, of 2,628 sqm* comprises of a generous and well-presented reception area, showroom, open plan offices, executive office/meeting rooms, refurbished amenities and clear span high clearance warehousing with a maximum springing height of 8.71 metres*. A second tenancy is a warehouse at rear of 706 sqm*.

The location in Melbourne’s largest retail precinct for bulk goods, with neighbours including Bunnings, Freedom, Fantastic Furniture, Plush, King, Petbarn, Bedshed, Forty Winks, Macpac Adventure, Harvey Norman and many more, represents a rare opportunity for an owner-occupier.

For an investor, the return from the existing tenancies currently stands at $388,624 pa plus outgoings, with the potential for a significant rental upside in the short term (conditions apply).

The opportunity:
• Land area of 6,300 sqm* with wide frontage to Moncrief Road of 54m*
• Total building area of 3,334 sqm* over two tenancies
• Good quality improvements: high clearance warehousing and impressive showroom/offices
• Multiple roller shutter door access points
• Abundant off street car parking – 66 cars*
• Current combined income $388,624 pa plus outgoings
• Zoned Industrial 1

The location:
• Ideally located in Nunawading’s ‘big box’ retail precinct
• Prime location for furniture, hardware, bedding, electrical and auto dealerships etc.
• Easy access to Eastlink
• 10 minute* walk to Nunawading station, shops, eateries etc.
• 30 minutes* to Melbourne CBD

*approx.