• Sold
Secure Industrial Investment with New 4-Year Lease
Secure Industrial Investment with New 4-Year Lease
Secure Industrial Investment with New 4-Year Lease
Secure Industrial Investment with New 4-Year Lease
Secure Industrial Investment with New 4-Year Lease
Secure Industrial Investment with New 4-Year Lease
Secure Industrial Investment with New 4-Year Lease
Colliers International are pleased to offer via Private Sale the industrial investment opportunity at 247 Boundary Road, Mordialloc. This high-profile main road office/warehouse is securely leased to Buildkomm Joinery for 4 years with renewal options until 2030.

247 Boundary Road is a stand-alone office/warehouse of approximately 1,250sqm and includes ground floor showroom, mezzanine office and generous clearance warehouse accessed via two roller shutter doors. The property offers unmissable signage rights along the key arterial Boundary Road.

Tenancy Information:
•Lessee: Buildkomm Joinery Pty Ltd
•Term: 4 Years
•Lease Commencement: 1 May 2020
•Renewal Terms: 2 x 3 Year Options
•Net Rent: $87,500 plus GST & Outgoings
•Annual Increases: Fixed 3% with market review at option period

Buildkomm Joinery owned by Buildkomm are a Melbourne based construction company that specialise in commercial and residential developments in Melbourne’s Bayside and Peninsula suburbs. They use 247 Boundary Road for storage of goods, light cabinetry manufacturing and a showroom for their products.

Boundary Road stretches approximately 6km and is a major road link between the Mornington Peninsula and Inner Eastern suburbs. It incorporates a mix of retail and industrial premises and is home to several major occupiers including Tradelink, Westpac, Decathlon and Burson Automotive. It is a key commercial precinct within the Bayside market.

For further information, please contact the appointed agents below.

Property Details

  • 08/08/2020
  • Contact our experts for details on this transaction