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JLL and CBRE are pleased to offer for sale 37 Manton Street, Morningside a functional office warehouse facility within the tightly held TradeCoast market with outstanding value-add opportunities. The property is being offered individually or as part of a two asset portfolio that includes 47 Trade Street, Lytton.
Key Investment Highlights for 37 Manton Street include:
- Functional office warehouse with a total GLA of 2,800m2
- Subdivided to cater for two tenancies
- Warehouse accessed via 11 on grade doors
- Low site cover providing hardstand and expansion potential
- 1 Year WALE with no options
- Returning $403,079 pa (as at 1 October 2022)
- Ability to purchase at land value
- Provides short-term holding income whilst finalising redevelopment opportunities
- Strategically located 8,589m2 infill site, with multiple redevelopment/development options.
- Capitalise on the severe shortage of land in the immediate area
The property is being offered for sale via Expressions of Interest closing Tuesday 2nd August 2022 at 4pm (AEST).
For further information please contact the below exclusive marketing agents.