CROYDON SOUTH

5 Squires Way, CROYDON SOUTH VIC 3136

Take Your Investment to a New Height

GormanKelly is pleased to exclusively offer 5 Squires Way, Croydon South for Sale by Expressions of Interest, closing Wednesday 10th April 2024 at 2pm.

Lease

• 7 years from the 1st May 2021
• Current rent - $319,425.96 per annum net plus GST (land tax paid by tenant under a single holding basis)
• Option 2 x 3 years with annual increases at 3% and fair market review at the option
• Personal guarantee and 4-month bank guarantee bond
• Non-retail lease used by a 3PL operator established in 1983 as an independent parcel carrier, providing excellent service around the Melbourne Metro area

Building

• Modern 2,752 sqm office warehouse located in a prestigious industrial estate
• Titled land area of 3,920 sqm approx.
• Fully refurbished in recent years offering modern office accommodation
• 11m high approx. warehouse with full sprinkler system
• Large canopy for all-weather protection
• 3 access roller doors
• Generous car parking – 43

Area

• Located in the well sought-after Merrindale Estate
• Close proximity to main arterials
• Multiple cafés within easy walking distance
• Wide road networks and street parking.

PROPERTY VIDEO: https://youtu.be/bHzt0dPCYdA

Tenant info: https://www.swdwarehousing.com.au/

To obtain an Information Memorandum, Contract of Sale, and/or an Expression of Interest form or to arrange an inspection, please contact Jason Beveridge today!