33c/3a Newlands Road
Reservoir, VIC 3073

Overview

LEASED INVESTMENT - ECHO PARK - BRAND NEW 50 SQM WAREHOUSE/STORAGE UNIT

This brand new, architecturally designed storage unit is located in the heart of the established Reservoir Industrial Precinct, a rapidly evolving inner metropolitan area just 11 kilometers north of Melbourne's CBD. The property offers excellent access to main roads and freeways, making it highly convenient for various industrial and commercial uses.

The unit is zoned as Industrial 3, providing flexibility for a range of industrial activities. It includes onsite car parking and is equipped with three-phase power and NBN readiness, ensuring it meets modern business requirements.

With a building size of 50 square meters, this warehouse/storage unit is ideal for a variety of users including tradespeople, hobbyists, and those seeking additional business or household storage. It can accommodate bikes, small boats, cars, caravans, or be used as a studio or office space. The property also benefits from new building tax depreciation advantages, making it an attractive investment opportunity.

This unit is particularly suitable for Self Managed Super Fund (SMSF) investors and owner-occupiers looking for an affordable entry-level acquisition. The lease terms include a two-year lease to March 31, 2028, with an option for a further two-year term. The lease features fixed 4% annual increases and a market review in the first year of the optional term.

From July 1, 2024, eligible buyers of commercial and industrial properties will have the option to pay stamp duty in full at settlement or spread payments over 10 years, providing additional financial flexibility.

Prospective buyers are encouraged to conduct their own inquiries to verify all information and ensure it meets their specific needs.

Location