3/328-330 South Gippsland Highway, Dandenong South, VIC, 3175

Nichols Crowder is pleased to offer 3/328-330 South Gippsland Highway, Dandenong South for sale via Private Treaty.

This main road leased industrial investment provides secure income in a tightly held industrial precinct that offers plenty of upside in the future.

The tenant is Hot Spring Melbourne Pty Ltd, the exclusive distributor for Hot Spring premium spa pools in Victoria. Having established their business in the West of Melbourne they carefully selected Dandenong as the perfect location for their second flagship store.

If you're looking for a great investment, consider this;

* The tenant signed a 5 year + 5 year lease in 2023

* The first term of the lease doesn't expire until October 2028

* The second term won't expire until October 2033

* The lease has strong fixed rental increases each year

LEASE SUMMARY:

* 5 year lease expiring October 2028

* Annual rental $93,825 + GST as 1st November 2024

* 4.25% fixed annual increases

* Security deposit - 6 months rental

* Directors personal guarantee

Key features include:

* Light filled showroom: 190sqm*

* Office/amenities: 135sqm*

* Warehouse/storage: 180sqm*

* Total building area: 505sqm*

* Storage mezzanine: 90sqm*

* Container height roller door

* Minimum warehouse clearance: 7.5 metres*

* Three (3) phase power supply

* Gas connected to the property

For further details or to arrange an inspection please contact:

Adrian Garvey 0419 549 951

DISCLAIMER:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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