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81 Miles Gr 721 SF Industrial Condo Unit Offered at $157,058 in Seaford, VIC 3198
Investment Highlights
- Substantial 679 m² land parcel with a building footprint of approximately 286 m².
- Equipped with NBN Fibre to the Curb and 5G mobile coverage for high-speed connectivity.
- Heritage and flood management overlays apply, requiring consideration for future works.
- Located within the Frankston local government area and zoned for reputable local schools.
- Situated in a coastal suburb with proximity to Seaford Beach and major transport routes.
Executive Summary
81 Miles Grove is a residential property located in Seaford, Victoria, within the Frankston local government area. The site measures approximately 679 square meters with a building footprint of about 286 square meters. It is subject to a heritage overlay and a flood management overlay. The property is connected to NBN Fibre to the Curb and has 5G mobile coverage. It falls within the school zones for Belvedere Park Primary School and Monterey Secondary College.
1 Unit Available
Unit 3
| Unit Size | 721 SF | Cap Rate | 4.95% |
| Price | $157,058 | NOI | $7,780.86 |
| Price Per SF | $217.83 | No. Parking Spaces | 1 |
| Condo Use | Industrial | APN/Parcel ID | 6\PS649336 |
| Sale Type | Investment |
| Unit Size | 721 SF |
| Price | $157,058 |
| Price Per SF | $217.83 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 4.95% |
| NOI | $7,780.86 |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 6\PS649336 |
Description
The property at 3/81 Miles Grove, Seaford VIC 3198 is a 67 m² industrial unit located within the Frankston local government area. It is situated in a gated complex with security features and offers proximity to major transport routes, including Eastlink and the Peninsula Freeway. The site provides one on-site car space and access to communal amenities. The property is currently offered for sale with vacant possession.
Sale Notes
This well-positioned industrial unit offers a practical solution for businesses seeking a compact and secure base in Seaford. Spanning approximately 67 square meters, the property is ideal for storage, small-scale operations, or an online business hub. The unit includes single-phase power, access to communal amenities, and one on-site car space, ensuring convenience for day-to-day operations.
The property is located within a gated complex featuring a heavy-duty front fence and remote-controlled sliding gate, providing enhanced security. Its strategic location offers seamless connectivity to major arterial routes, including Eastlink and the Peninsula Freeway, enabling efficient access to Melbourne’s broader metropolitan area and the Mornington Peninsula.
With vacant possession available and a short settlement option, this property presents an excellent opportunity for owner-occupiers or investors looking for a low-maintenance industrial asset in a well-established commercial precinct.
Interior of warehouse
Interior of warehouse
Property Facts
| Total Building Size | 3,035 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 3,035 SF |
| Property Subtype | Warehouse | Lot Size | 0.07 AC |
| Building Class | C | Parking Ratio | 0.33/1,000 SF |
| Total Building Size | 3,035 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 3,035 SF |
| Lot Size | 0.07 AC |
| Parking Ratio | 0.33/1,000 SF |
Amenities
- Fenced Lot
- Storage Space
- Perimeter Security Fence
Presented by
81 Miles Gr
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