Unit 12/18-22 Lexia Place Mulgrave VIC 3170

Knight Frank is excited to present this rare investment opportunity to the market for sale, 12/18-22 Lexia Place, Mulgrave it will be sold via Expression of Interest Campaign closing Thursday 3rd October 2024 @ 4pm (AEST).

The property is located 950 metres from the Monash Freeway (M1) which provides the ultimate accessibility to Melbourne's road network.

The current tenant Penta Grand has undertaken a significant refurbishment at their own cost.

Key Features include:

- Building area 1,075 sqm*
- Secure lease to Penta Grand
- Dual level office with training space
- Fibre internet connection
- Increased "3 Phase" power supply
- Four glass panel tilt doors to the warehouse
- Disabled toilet with shower facilities
- LED's installed throughout
- 22 carparks onsite
- 19.36 kw solar system installed

Tenancy Details
- Tenant Penta Grand
- $206,850 pa+ GST + Outgoings
- Brand new 5x5 year commencing 1st July 2024
- Annual increases of 3.5% with a market review at the option period
- Security deposit of 3 months rental + GST ($56,883.75)

Call your exclusive agents at Knight Frank for an Information Memorandum or to set up an inspection onsite.

*Indicates approximate