12 Kolora Road, Heidelberg West

AUCTION THURSDAY 19TH OCTOBER AT 1PM

Investment With Upside!

Situated in this very popular Industrial Estate, this well presented and versatile brick factory offers an income stream with potential to occupy or add value in the short-medium term.

- Building Area: 490 sq.metres (approx.)
- Land Area: 690 sq.metres (approx.)
- Zoned: Industrial 3
- Lease Details:
- Term: Two (2) year optioned exercised - commencing February 2018
- Current Rent: $29,685.00 per annum plus GST (Market Rent Review February 2018)
- Outgoings: Payable in full by tenant
- Rent Review: Annually to 4%
- Option: Nil

The property offers the opportunity to hold as a long-term investment with an existing long-term tenant or to occupy at the expiry of the current lease.

Terms: 10% Deposit. Balance 30/60/90 Days.

For further details or to arrange an inspection contact:
Paul Evans 0408 144 181
Jonathan Rizzo 0404 125 846

Miles Real Estate