24 Cleeland Road Oakleigh South VIC 3167

Nichols Crowder are pleased to offer 24 Cleeland Road, Oakleigh South to the market place. This leased industrial investment provides a secure income in a tightly held industrial precinct that offers plenty of upside in the future.

The tenant is the Okami Distribution Pty Ltd and part of the Okami Restaurant group with impressive restaurants throughout Australia.

If you looking for a great investment , consider this;

o The tenant has occupied the site since 2019 and
o They have already exercised an option to stay for another 5 years
o The lease doesn't expire until 3rd December 2029
o They have 50 restaurants under their banner and this facility services the food distribution to their stores

LEASE SUMMARY:
* 5 year lease expiring 3rd December 2029
* Rental $78,000 + GST (as of 4th December 2024)
* 3% fixed annual increases
* 100% outgoings recoverable including land tax
* Security deposit
* Directors personal guarantee

PROPERTY FEATURES:
* Land area: 1,309sqm*
* Building area: 665sqm*
* Office/amenities: 185sqm*
* Warehouse: 480sqm*
* Roller door access to the warehouse

For further details or to arrange an inspection please contact:

Adrian Garvey 0419 549 951
Matt Nichols 0418 186 488

PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorized use is strictly prohibited.