POINT OF INTEREST:
A straightforward investment decision within Cheltenham’s commercial hub, this is the sweet spot between quality and affordability. Number 8 has had its lease renewed to TJD Electrics for the next two years, with a one-year option offered from July 2025, bringing in $28,254.60 in annual rental income, plus a 3-month bond for security. The building itself is a people-pleaser by design, with 167 sqm* in total building area to play with. This is split up between high clearance warehousing, a 20 sqm* air-conditioned office space, and a clever 20 sqm* mezzanine storage area too. There’s a three-phase power supply to accelerate any industry, and 2 car spaces are included on title, plus an additional 7 on-site for visitors. Situated just off Centre Dandenong Road, you’re also a stone’s throw from DFO Moorabbin and Moorabbin Airport and just 2.7 km* from the Nepean Highway — linking tenants from the tip of the bay all the way to Melbourne.
- 167 sqm* total building area with a 20 sqm* office and 20 sqm* mezzanine.
- Industrial 1 zoning.
- 2 car spaces on Title, plus an additional 7 visitor spaces on-site.
- Three-phase power supply.
- 750 m* to DFO Moorabbin.
- 2.7 km* to the Nepean Highway.
Tenancy Details:
- Leased to TJD Electrics Pty Ltd on a recently renewed 2-year lease from July 2023.
- $28,254.60 per annum in leasing income.
- 3.5% rental increase with the market review at options.
- 1-year option from July 2025 with a 3-month bond.
POINT OF VIEW:
A brand new lease term for an asset with no upgrades necessary; this is accessible investing without lifting a finger — except for the ones to contact us first.
*Approx.
Pricing excludes GST
