Unit 5, 62 – 68 Garden Drive Tullamarine

Sale

OUT WITH THE OLD… IN WITH THE NEW!!

‘Reinventing The Wheel’ Is Essential Today!!

No Longer Is Simply Offering A Great Product Or Service Enough – Today, A Business Is About The ‘Visual’ Just As Much, If Not More, Than The Business Itself. What We Are Offering Today, Is The Perfect Example Of This.

The Tenant Leased An Industrial, Blank Canvass Warehouse & Renovated To Suit Their Purpose. They ‘Reinvented’ The Indoor Sports Facility With A Modern, Fresh & Inviting Approach. Their Consumer Experience Is Far More Enjoyable, Than The Tired, ‘Old Hat’ Indoor Sports Facilities We Are All Familiar With… Simply Take A Look To See.

The Rent Is Undervalued, Leased During A ‘Difficult Time’ For Industrial Properties. This Is Highlighted By The Tenant’s Sublease Of The First Floor Offices. There Is A Market Review Due Soon, Where This Potential Can Be Realised.

For An Owner Occupier, The Lease Has A 12 Month Demolition, Reconstruction or Alteration Clause Than Can Be Exercised From The Expiration Of The Fourth Year Of The Lease (Lease Commenced March 2014).

This Property Is A Lay Down Misere – An Exceptional Tenant With Rent Growth Potential & The Flexibility Of Owner Occupation In The Immediate Future!!

Unit 5/62 – 68 Garden Drive Is A Modern, High Clearance Warehouse With High Quality First Floor Offices. The Building Has Been Renovated By The Existing Tenant, Who Have An Outstanding Payment History. There Is Flexibility Here… For An Investor, Capitalise On The Undervalued Rent With A Market Review Due In 2019… For The Owner Occupier, Exercise Your Rights Under The Lease To Obtain Vacant Possession At The Same Time, Or Otherwise Agreed.

For Sale By Negotiation.

Please Contact Agent.

Jack Teneketzis







Alex Teneketzis