First National Commercial Neilson Partners is proud and excited to have been appointed to market and auction 3 properties in a portfolio.
They are 1/4 Vesper Drive, Narre Warren, 4/3 Vesper Drive, Narre Warren and 6/22 Bate Close, Pakenham. The properties will be auctioned individually on Friday 27 March.
Each has a strong lease attached and are excellent examples of industrial investments.
1/3 Vesper Drive, Narre Warren, is a portal framed 410m² concrete panel clad factory. It has an office area with appropriate amenities. The factory is clear space with roller door access. There are a large number of shared carparks on the common property. Annual rental is $46,800 PA with a four year lease in place.
4/3 Vesper Drive, Narre Warren is a portal framed 503m² concrete panel clad factory. It is clear span and has an extensive showroom area with smaller office and amenities area. There are a large number of shared car parks on the common property. Currently leased at the rental $51,648 PA with a two year lease in place.
6/22 Bate Close, Pakenham, is a 451m² modern tilt slab clear span factory. The factory is gatehouse style with a small area dedicated to toilets and amenities and is located within the industrial precinct of Pakenham with easy access to Princes Highway and M1 Freeway. Income is $33,750 PA with a two year lease in place.
Each of these investments has different but compelling reasons why they are good investments, and they all have one thing in common – they are almost certainly all under, or well under $1 million which makes them all very affordable.
Vesper Drive benefits from great location in a closely held estate, with Factory 1 having the broader appeal of a bit of ‘retail exposure’.
Bate Close is younger with longer term depreciation benefits and great exposure and access. It is in a growth area which augurs well for the future.
Factories 1 and 4/3 Vesper Drive, Narre Warren, will be offered one after the other at 11am.
Factory 6/22 Bate Close, Pakenham will be offered at 1pm.
Terms are 10% deposit on the day with the balance payable 60 days from auction.