19, 114 Merrindale Drive, Croydon South, VIC, 3136

POINT OF INTEREST:

Private Sale by Closing Date: Tuesday 10th September 2024 at 3PM

A stand-out by design, tenant, and amenity — not just because it’s the prominent front-of-estate and corner position. The sizeable warehouse, showroom, and office package extends to over 1,089 sqm* of versatile floorplan. There are two roller shutter doors, one leading directly onto Merrindale Drive, and 15 on-site car spaces with fencing around the whole perimeter and security gates to gain access. Plant Communications Pty Ltd have been occupying the space for more than 10 years, and their current three-year agreement has been in place since June 2023, a further term of three years and a current passing income of $128,000 per annum plus GST.  

Easily accessible to Melbourne’s eastern arterials, this hub is a logistical well-oiled machine. Dorset Road sits 900 m* away, Bayswater Road is 4 km*, Canterbury Road is 2.2 km* and will get you onto the Eastlink via the Ringwood Bypass. Public transport is also simple. Ample bus services surround the area, and you’re 3.5 km* from Croydon railway station on the Lilydale line.

- Front corner building 

- Long established tenant with a renewed 3+3 year lease 

- Current income $128,000 per annum plus GST 

- Bank guarantee $28,875.00 and director guarantees 

- 1,089 sqm* total building area.

- Industrial 1 zoning.

- 15 allocated on-site car spaces with perimeter fencing and security gates.

- 900 m* to Dorset Road.

- 2.2 km* to Canterbury Road.

- 4 km* to Bayswater Road.

- 3.5 km* to Croydon Railway Station.

https://www.plantcomms.com.au/

POINT OF VIEW:

The Merrindale Estate, Croydon South rarely offers industrial investments of this calibre. Secure the blueprint that’s at the top of every acute investor’s wish list for the most strategic move of your financial year.

*Approx.

Pricing excludes GST

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