Castelli Commercial and listing agents Josh Sumner and Enrique Reyes are pleased to present 27 Shields Crescent Booragoon to the market for Sale.

This offering presents a great opportunity to secure a property in a strongly held precinct. With a lease in place, purchasers enjoy the flexibility of having holding income while applying for a Development Approval to build their dream Commercial Property. For investors who intend to hold the property for a while longer, the rent increases annually and will be reviewed to market rent at the renewal of the Lease.

Key Features Include:

– 919m2* Green Title Lot

– 569m2* Building Footprint

– Well Presented Front Office

– Multiple Roller Doors

– Ability to split tenancies (two warehouse areas)

– 3 Phase Power

– Zoned Service Commercial

Lease Details:

– 5 year Lease expiring March 2026

– Further 5 Year Option

– 3% Annual Increases/Market Review at The Option

– Current Net Rent $53,049.24 per annum

– 3% Increase scheduled on the 20th March 2024

For more information and to schedule an inspection, please contact:

Josh Sumner – 0473 473 264

Enrique Reyes – 0448 888 123