25 Simcock Street Somerville VIC 3912

Occupied by Utow caravans, the business has occupied the site since early 2010 and have just signed a new 5-year lease with three personal directors guarantees expiring January 2029.

Returning $69,000 per annum + GST and all outgoings, there are 4% annual increases bringing the average annual rental of $74,745 per annum over the next 5 years.

The 2,020sqm* industrial zoned site is in an excellent position on Simcock Street and includes a 210sqm* office/warehouse constructed in 2010.

Notable features include:

* Full perimeter fencing
* Two driveway crossovers
* Amenities including a toilet and kitchen
* Heating/cooling, CCTV
* All services connected including, power, water, telephone, sewer
* Level crushed rock, hard stand surface

Industrial land on the Mornington Peninsula is almost exhausted, and this is a rare opportunity to secure a long-term appreciating asset with further development potential, so don't miss this investment opportunity.

For further information or to arrange an inspection, please contact the listing agents.

PLEASE NOTE:

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