An industrial property in the Melbourne suburb of Noble Park will be auctioned next month through Gross Waddell.
Melbourne's strengthening industrial market is expected to assist in the auction 65-67 Overseas Drive, Noble Park next month, according to Gross Waddell.
The realtor has been appointed to market the property, which is leased to well-known brand Salad World and is used to manufacture a variety of products, including dips, salads and falafel balls.
Selling agent Benjamin Klein said there were high hopes for the site.
"The industrial investment market has strengthened and we are expecting a yield of circa 6 per cent," he said.
Source: Gross Waddell
Comprising an internal building area of 1,055 square metres, features of the property include commercial kitchens, cool rooms, freezers, storage and packing area.
It has a brand new 5-year lease with further options – rent is $100,000 net pa
We are launching an auction campaign at 65-67 Overseas Drive, Noble Park.
The auction of 65-67 Overseas Drive, Noble Park will be held onsite at 2pm on November, 15.
For more information, email or phone Benjamin Klein via the details provided.
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