April 09, 2019

Investment With Huge Potential

104 Watt Road, Mornington

We have just listed a fantastic warehouse investment for sale at the corner of 104 Watt Road and Milgate Drive, Mornington. 

Set on land of approximately 778sqm, the property comprises two warehouses that have been rented to Nepean Stone since the building was constructed in 1999.  Leased to 2022, with options, the current rent is $45,000 per annum plus GST, and with the tenant paying all outgoings.

“With its prime corner location and two driveways, this property offers great flexibility and potential for further development (STCA),” explains Josh Monks, Sales and Leasing Executive.

“As a bonus, it has a good-size office area and showroom, off-street parking, and fenced front and rear yards,” adds Mr Monks.

Josh Monks 0409 335 179
Tom Crowder 0438 670 300