GrayJohnson is pleased to offer for sale this impressive office/warehouse in the tightly-held Fairfield/Alphington industrial precinct.
Currently occupied by a long-standing tenant on a 3-year term, the property offers incredible uplift by way of rental growth and potential capital appreciation.
> Building area: 658 sqm*
> Quality landholding of 735 sqm*
> 18m* main road frontage with huge exposure
> Leased to well renowned motor repairer “Northern BM” for 3 years + options
> Net Rental: $83,700 + GST pa net*
> High quality reception/office of 56 sqm*
> Huge amount of natural light flowing through warehouse area
> Separate roller door access
> Five (5) off-street car spaces
> 3 Phase Power
200 Grange Road represents a unique opportunity to purchase a premium industrial asset in one of Melbourne’s most prized commercial precincts.
For the astute investor, no other industrial property matches the prominence and functionality of 200 Grange Road.
Demand for inner city industrial property has never been higher due to the various infrastructure projects removing already scarce supply for occupants in surrounding suburbs, which will only serve to enhance the appeal of this asset through the years.
The subject property will appeal to a broad cross section of buyer categories.
The subject property is ideally located on the eastern side of Grange Road, between Christmas & Chingford Streets.
It is strategically-positioned within the tightly-held Fairfield Industrial precinct and is close to major arterials including Heidelberg Road, Darebin Road, Station Street and the Eastern Freeway.
The property is in proximity to Station Street’s trendy retail strip, picturesque Darebin parklands and all modes of public transport.