68/31-37 Norcal Road
Nunawading, VIC 3131

Overview

Secure, Practical, Perfectly Located

This property presents a unique opportunity to acquire the freehold of a well-maintained industrial warehouse located within the highly sought-after Industria business park in Nunawading. Offered via Expressions of Interest, this investment is currently generating a net annual return of $39,955.51, with all statutory outgoings covered by the tenant, ensuring a secure and reliable income stream.

The warehouse is leased to a dependable long-term tenant who is midway through a two-year lease term, expiring on 28 February 2027. The lease includes a further two-year option with fixed annual rent increases, providing potential for income growth should the option be exercised.

The facility features container height roller door access and a high clearance warehouse space, ideal for a variety of industrial uses. The property also includes well-appointed office and meeting rooms distributed across both the ground floor and mezzanine levels, offering functional and professional workspaces.

Additional benefits include three allocated on-site car parking spaces, access to an on-site café, and extra parking available along Norcal Road. The location offers excellent connectivity to major arterial roads serving Melbourne's Eastern Suburbs, as well as convenient public transport links.

• Building area approximately 207 square meters
• Zoned Industrial 1, suitable for a range of industrial activities
• Includes kitchenette and bathroom amenities
• Professionally presented office fitout enhancing the workspace environment
• Three allocated car parking spaces on site
• Currently tenanted with a net annual return of $39,955.51

The limited supply of industrial properties in this area combined with strong demand supports the potential for long-term capital growth and income stability. This property is ideal for investors seeking a secure industrial asset with established tenancy and growth prospects.

Interested parties are encouraged to enquire to arrange a viewing or to obtain further information regarding this investment opportunity.

Location