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BLUE CHIP INVESTMENT OPPORTUNITY
Positioned in the heart of one of the most sought after industrial precincts in South East Melbourne, Crabtrees Real Estate in conjunction with CBRE are offering for sale a significant investment opportunity that is not to be missed.
1-13 Edward Street / 46 Westminster Street & 44 Westminster Street, Oakleigh is the long-time home of the blue chip ASX listed covenant Amcor Flexibles (Australia) Pty Ltd.
They have recently committed to a new 5 year and 3 month lease from 1st January 2016 with one further term of 5 years. The combined passing income is $667,093 net and there are annual rental increases.
“With its secure long term lease to a blue chip tenant and its excellent long term development potential this site will be highly sought after.” says Crabtrees Director Chris McKenzie.
“The property has a combined GLA of 8,635sqm on a strategic corner site of 12,472sqm, and is one of those sites that rarely become available, so we are expecting keen interest” adds Rory Hilton, Senior Associate Director Industrial & Logistics, Capital Markets CBRE.
With a property neatly positioned near major arterial roads and the flexibility to purchase as a whole or in two lots, this offering should be seriously considered.
Expressions of interest are closing Thursday 24 March at 4:00pm (AEDT).