Secure Telecommunications Income, Vacant Factory and Development Upside

An outstanding opportunity to secure a substantial commercial holding in one of Rosebud’s most established and tightly held commercial precincts.

The property benefits from two established telecommunications leases to major national operators, providing a combined passing income of approximately $33,060. per annum + outgoings. Incoming Tenant ready to go if you wish to sign up a lease on great terms.

The site is (929m2) further improved by a substantial factory building (circa 390m2) configured as two separate occupiable spaces. These areas were previously leased separately and generated a combined rental of approximately $57,600 per annum + GST + Outgoings, highlighting the property’s potential to accommodate multiple businesses and generate diversified income.

Offered with the factory spaces currently vacant, the property provides flexibility for an owner-occupier, investor or developer to reposition, occupy or re-lease the improvements according to their requirements.

Key Investment Features:
* Established leases to Telstra and Optus
* Combined telecommunications income of approximately $33,060. per annum
* Major factory improvement divided into two separate spaces
* Factory spaces previously leased separately for a combined $57,600 per annum
* Incoming Tenant ready to go if you wish to sign up a lease on great terms
* Flexible owner-occupier or investment opportunity
* Potential for multiple income streams
* Substantial commercial landholding
* Potential for a future development of up to 11 Metres, subject to council approval
* Strategic position within Rosebud’s expanding commercial precinct
* Close to Total Tools, ALDI, Woolworths, Coles, Dan Murphy’s and First Choice Liquor

The combination of secure telecommunications income, versatile vacant improvements and longer-term development potential makes 2 First Avenue, Rosebud an attractive proposition for investors, owner-occupiers and developers seeking exposure to the continued growth of the Southern Mornington Peninsula.

Secure the income today, unlock the improvements and position for the future.

NB:All income figures and property information are approximate and should be independently verified. Prospective purchasers should refer to the Contract of Sale and Section 32 Vendor Statement and undertake their own enquiries regarding leases, planning controls and development potential.