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SOLD

111 Highbury Road & 1 Lytton Street, Burwood, VIC, 3125

Development Potential
DETAILS
BURWOOD'S BEST INVESTMENT, ASX LISTED TENANT, NEW 5 YEAR LEASE!

Richardson French is pleased to offer 111 Highbury Road & 1 Lytton Street, Burwood by way of Auction onsite 3PM Wednesday 7th July, 2021.

Located along the always busy Highbury Road, this dual title warehouse space is in a prime location just south of Burwood Highway, east of Warrigal Road and very close to the Gardiners Creek walking trail.

This property is close to the major arterials including Warrigal Road, Burwood Highway, Toorak Road and Huntingdale Road and is in close proximity to Deakin University and the famous Burwood Village.

With a combined total land area of 2335m2, and a total building area of 1415m2, it features 20m of frontage to Highbury Road, 30m to Lytton Street and 42m of frontage to Tudor Street, this multiple street frontage offering has it all.

This property is leased to the ASX listed AMA Group who run Panel Division, APAS Division, Gemini, Capital S.M.A.R.T and many other separately badged companies, as well as working closely with all major insurance companies.
With over 300,000 repairs per annum, 400 workers and 200 locations across Australia and $1B in annual revenue, do not miss the opportunity to secure one of the best investments currently on offer.

Inspection is a must and we can guarantee that investment opportunities like this do not come around often.

Property Features:
+ Main road frontage
+ Plenty of natural light
+ Air conditioned offices
+ Inspection bay
+ Future development potential (STCA)
+ Three street frontage
+ Extensive hard stand
+ Tightly held location

Investment Details:
+ Leased on a 5x5 lease that commenced 1/1/2021 with a further 5 year option
+ $226,188 combined net rental income per annum
+ 3% annual rental increase
+ Land tax (single unit) payable by tenant ($13,387.50 in 2021)
+ Renowned accident repair business
+ Tenant has long successful trading history

Contact the listed agents to organise your inspection.

Documentation available upon request.

Jeffrey Richardson 0418 321 101
Aidan Boyd 0478 770 903
Kyle McDonagh 0422 855 229

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
Auction:
TITLE:
Wednesday 7th July at 3:00pm
Property Area
AREA:
2335 m² (*approx)
Property Type
TYPE:
Commercial,
Development Potential
DEVELOPMENT APPROVAL:
Commercial development Opportunity (STCA)

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111 Highbury Road & 1 Lytton Street, Burwood, VIC, 3125

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