Gorman Commercial FOR SALE

67 Boundary Road & 52-58 Mark Street, North Melbourne

for sale

HIGH YIELDING NORTH MELBOURNE LABORATORY INVESTMENT

Gorman Commercial is pleased to offer Unit 2, 67 Boundary Road and 52-58 Mark Street, North Melbourne for Private Sale.

The two properties can be purchased separately or together.

Key Properties Features Include:

• New 5-year leases to global company Merieux NutriSciences
• Vital food testing laboratory operation within both buildings
• Unit 2, 67 Boundary Rd – net rent $331,000 pa plus GST and all outgoings
• 52-58 Mark St – net rent $410,000 pa plus GST and all outgoings
• Combined net rent $741,000 pa plus GST and all outgoings
• Significant make good clauses in both leases
• Total building area 1,794 sqm plus 29 car spaces
• 250 metres from Macaulay Station and nearby the new Arden Station and Citylink

Listing Highlights

  • Expected yield range 8% - 8.75%
  • New 5 year leases to global tenant
  • To be sold seperately or together

Property Details

Asset Type
Offices
Building Area
782 - 1,794 m2*
Price
Contact Agent

Peter Bremner

0412 326 942

pbremner@gormancommercial.com.au

Stephen Gorman

0418 321 828

sgorman@gormancommercial.com.au