Leased until 2028 with further options

Ray White Commercial Oakleigh is excited to present 31 Wells Road, Seaford to market via Online Auction scheduled for Thursday 23rd June 2022 @ 12PM. This is a fantastic stand alone investment opportunity which is leased until 2028 along with further options and is exactly what the market has been demanding.

The property benefits from having over 12m of frontage to busy Wells Road and is surrounded by an abundance of National & International operators including Izuzu, Jax Tyres & Service as well as Renault. Conveniently, the property is easily accessible via many arterial roads including Frankston Freeway, Eastlink (M3), Nepean Highway with Bayside Shopping Centre, Kananook Train Station and Bus stop serviced by routes 779 & 832 at its doorstep.

The property is in an Industrial 1 (IN1Z) and comprises of a two-storey building that includes a reception area, two (2) laundries and ten (10) rooms, most of which have self-contained amenities. The property is being offered with a current tenancy in place to Paradise Angels who have been leasing the premises since February 2018.

• Land area | 1044m2 approx
• Building area | 320m2 approx
• Currently returning | $108,000 p/a + GST + outgoings
• 10 + 10 + 10 Year Lease (Commenced 2018)
• Fourteen (14) on-site car spaces
• Serviced by major arterial roads such as Wells Road, Frankston Freeway and Nepean Highway
• Prime location with over 12m exposure to Wells Road
• Industrial 1 Zone (IN1Z)
• Licensed Use | Brothel

For further information please contact one of the appointed marketing agents:

George Kelepouris | 0425 798 677
Simon Liang | 0451 954 318

*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agent.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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