Wednesday, November 1 at 12noon, on site
189-193 Chesterville Road & 24-28 Independence Street, Moorabbin
A rare opportunity to purchase six adjoining properties on a busy Moorabbin corner has presented itself to the market. Comprising three adjoining showrooms at 189-193 Chesterville Road, and three separate warehouses at 24-28 Independence Street, this huge corner property with a total street frontage of 88 metres is to be auctioned on Wednesday, November 1 at 12 noon, on site.
All six properties are on the one title, and the buildings are to be sold as one. The total building size is 1,305sqm, on Industrial 1 zoned land of 1,686sqm. This high site coverage of almost 80% maximises the value of the property. Of the three retail shops, one is currently vacant, while all three warehouses are leased. The potential fully leased net income is anticipated to reach $145,000 per annum.
“This is a great opportunity for an investor, developer or owner occupier looking for a property with plenty of upside”, explains James Glen, Senior Sales Executive. “Being on the corner of a busy main road in an area that is becoming more popular with a range of businesses, this property offers flexibility and opportunities for further growth and development (STCA).”
Inspect as advertised or by appointment. Open for inspection on:
Wednesday, October 11, from 11:00am to 11:30am
Wednesday, October18, from 11:00am to 11:30am
Wednesday, October 25, from 11:00am to 11:30am
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.
For further details, please contact:
0401 493 277
0420 406 660