CORNER SITE WITH INCOME
16 NESTER ROAD, WOORI YALLOCK

16 Nester Road is a corner site, located within a small industrial subdivision bounded by Woori Yallock Road, Selby Road and Nester Road in Woori Yallock.  The property is located at the intersection of Nester and Selby Roads, approximately 400 metres from the Warburton Highway.  The land is zoned Industrial 3 under the Yarra Ranges Council Planning Scheme.  Zoned industrial land of this size and configuration is not readily available, making this a very unique opportunity.  This site features a well-drained, hardstand surface which would be ideal for the storage of vehicles for a transport operation, or equipment for civil works organisations.
 
Additionally there is lease in place with Optus Mobile Pty Ltd until the 05/08/2023, presently returning $16,009.76 per annum (ex GST), with annual increases of 4%.  The next annual rental review is scheduled for the 6th August 2016.  The location of the tower does not restrict future development of the site, so we view the income stream as favourable to prospective purchasers.  The income from the lease to Optus Mobile goes a significant way to covering interest costs for the purchase, making this a very attractive proposition when considering the financing of the purchase.

– Land area: 4,043 m2
– Industrial 3 zoning
– 130 metres of frontage
– Leased for $16,650.00 per annum with 4% increases until 2023

Agent:

Nathan Bingham
0477577077

LOCATION