This article is from the Australian Property Journal archive
AN investor has paid $3 million for an office and warehouse facility in Melbourne’s eastern suburb of Mitcham, tenanted by an ASX-listed company.
Gorman Kelly agents Aldo Galante and Jason Beveridge sold 11 Redland Drive, which has a 1,079 sqm building.
Zoned Industrial 3, the 2,211 sqm site has 19 parking spaces and has a three-year lease with two further terms of three years, returning $168,806.61 per annum plus GST.
The property is located close to Canterbury Road, Whitehorse Road and Mitcham Road and offers easy access to Eastlink.
Australian Property Journal
