58 Essex Street 1,776 SF Industrial Building Moolap, VIC 3224 $364,624 ($205.30/SF)

This tenanted industrial warehouse at 58 Essex Street, Moolap presents an attractive opportunity for investors seeking a secure income stream with future development potential. The property comprises an iron-clad warehouse of approximately 165 square meters, positioned on a generous 629 square meter allotment. It features front and rear roller doors for efficient access, three-phase power, and a concrete front yard complemented by side access to the rear yard, enhancing operational flexibility.
Inside, the property includes an office, kitchen, and amenities, providing functional support for business operations. Currently leased at $25,906.24 per annum, the tenancy runs until February 2027 with no further options, offering a defined investment horizon. This structure allows buyers to benefit from immediate income while planning for future redevelopment or repositioning once the lease concludes.
Situated within an Industrial 1 Zone, the property is well-suited for a range of industrial uses and offers long-term upside in a growing precinct. Investors can capitalize on the combination of secure holding income and the potential to unlock additional value through redevelopment or site improvements in the future.