426 Burnley St land is 555m2 approx. and the building covers 100% of the site but has a basement area and first floor office area.
Zoned Industrial 3 and leased for 5 years expiring 13/02/2020 with no further terms, the current rental is $63,810.96 net. with 4% annual increases.
The inner city suburb of Richmond is undergoing gentrification and the growth and capital gain in this area will continue strongly due to the sites proximity to the CBD, Toorak, City Link entry and exit points.
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers/lessees are advised to carry out their own investigations