248-250 Wickham Road Highett VIC 3190

Ray White Commercial is proud to offer 248-250 Wickham Road, Highett for sale.

An outstanding opportunity for the astute Investor/Developer to purchase an incredible land holding of 6,873sqm* and building area of 3,340sqm* to further enhance the site by, developing the balance of land, redevelop the existing warehouses or subdivide all (STCA).

Great opportunity to add value in this tightly held and highly regarded industrial precinct with this being the first time the property has been offered in 23 years.

Currently 100% leased as follows:

Units 1 & 2 | SARC Pty Ltd
• Building area | 1,235sqm*
• Return | $101,497 pa net
• Lease | Five (5) years + Five (5) years + Five (5) years

Unit 3
• Building area | 355sqm*
• Monthly tenant

Unit 4
• Building area | 459sqm*
• Monthly tenant

Units A-B | Liquid Rock Constructions Pty Ltd
• Building area | 1,291sqm*
• Return | $101,726.76 pa net
• Lease | Three (3) years + Three (3) years

*approximately