35 Jellico Drive Scoresby VIC 3179

Industrial investment leased to Loving Earth Pty Ltd on a 5 year lease.

Lease Details:
Lessee: Loving Earth Pty Ltd
Lease Term: 5 Years from 1st January, 2022
Further Term: 5 Years
Current Rental: $229,615 per annum (net) plus GST
Rent Reviews: Fixed 1.5% annual increases but market value on take up of further term
Land Area: 5,297sq m*
Building Area: 2,417sq m* (includes office: 467sq m*)

Loving Earth Pty Ltd manufacture chocolates at the premises and have been a long standing tenant.

The building is of steel portal frame and full height concrete panels with a loading dock and on grade roller door. Internally it has an extensive food manufacturing fitout that belongs to the tenant with a full makegood clause in the lease.

Prime location almost adjacent to Eastlink.

Can be purchased at well below replacement cost so a very strong underlying value proposition.

Contact Savills agents Lynton Williams or Colin Tarlarmis for further details.