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27/137-145 Rooks Road, Nunawading VIC 3131

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$200k - $250k Medium Confidence Calculated based on our search observations.

Commercial 380 m²

Listed: yesterday

Overview

Positioned in the highly sought-after and tightly held Rooks Road precinct, this well-maintained, modern commercial property offers a versatile investment opportunity with the flexibility to occupy in the future.

The property boasts a substantial total building area of approximately 380 square metres, thoughtfully divided into a 235 square metre warehouse space complemented by two levels of air-conditioned office accommodation totaling 145 square metres. Separate male and female amenities support the functionality and comfort of tenants and staff.

This facility is enhanced with on-site car parking spaces and a container height roller door, making it suitable for businesses requiring both efficient office environments and sizable warehouse operations. The air-conditioning throughout the two-level office ensures a comfortable working environment year-round.

Currently leased under a two-year term ending 1st December 2027, the property benefits from a steady rental income of $52,406.40 per annum plus GST and outgoings, with a bank guarantee held and annual increases of 3%. The lease arrangement offers an attractive option for income-focused investors seeking secure tenancy with fixed growth, although there are no further renewal options available.

Local Market Insights

In Nunawading, Quiet Listings observed 3 new commercial properties entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $800,000. The property type mix of listed properties is predominantly Houses at 53%, followed by units (18%), and townhouses (13%). The most active agency for commercial properties in the Nunawading area is currently Tsimos Commercial Property, representing 33% of new listings, followed by Fitzroys with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.