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NEPEAN HIGHWAY SHOWROOM SELLS AT AUCTION
Another strong auction result for Crabtrees Real Estate’s Matthew Marenko and Chris McKenzie, selling 819 Nepean Highway, Bentleigh for $790,000 to a private investor.
Currently leased by Brighton Flooring Pty Ltd, the 137sqm showroom has a 5 year lease, starting from December 2015 with 1 further option of 5 years. The property is returning an annual rent of $34,000 net with annual increases of 3% during each lease term, whilst having a 6 month bank guarantee.
“A property with this much highway exposure and a long term lease with 6 months security is ideal for an astute investor” says Matthew.
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