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New lease to long-standing tenant – Videocraft Australia.

GrayJohnson is pleased to offer for sale by Expressions of Interest this high-profile investment property located in a prestigious commercial estate in Melbourne’s inner east. The property is securely leased to Videocraft, an Australian-owned company with a 50-year record as a leading supplier to the media industry.

The impeccably maintained property consists of a spacious showroom and high-clearance warehouse on the ground floor with modern first floor offices above. A feature of the property is abundant off-street car parking.

The location enjoys easy access to major arterials including Burwood Highway, Warrigal Road and the Monash Freeway (M1) which is less than 4 km away.

With a new five-year lease commencing in November 2024 and a further five-year option, this would be an outstanding foundation for, or addition, to a significant property portfolio.

Key features:
• Building area: 881 sqm*
• High-clearance warehouse plus showroom & offices
• Excellent staff facilities
• Rental $159,000pa net with annual CPI reviews
• Leased for 5 + 5 years from 1/11/24
• Recent CAPEX works implemented – brand new airconditioning units installed

Location:
• Easy access to Monash Freeway (M1) and major arterials
• Close to Deakin University’s main campus
• Easy walk to Burwood Road tram
• 18 km* to Melbourne CBD

For Sale by Expressions of Interest closing Thursday 19 June @ 2pm

*approx.