Huntingdale industrial offering at $800,000-plus
An older style warehouse complex of multi-unit buildings currently let as five separate tenancies and with two street frontages in Huntingdale will be offered for sale by auction by Crabtrees Real Estate on site on June 13.
It is expected to attract offers in the high $800,000 range.
The property known as 26 Stafford Street (and 25 Hume Street at the rear) currently generates an income of $68,250 net.
The property has a site area of 1,156 square metre and a building area of 656 sqm and is zoned Industrial 1.
The Crabtrees listing agent Matthew Marenko says that the property holds appeal as a commercial property investment.
"I believe an investor would recognise the potential to add value to the property in future” Mr Marenko says.
On the same day another industrial 1 zoned property with occupancy, refurbishment or development potential at 6-8 Hume Street has also been listed for auction through Crabtrees Real Estate.
The 1200 square metre property is offered with vacant possession.
Crabtrees selling agent Steven Salopek notes price expectations are around $700,000.
