• For Sale
  • Industrial
Fully Leased Commercial Investment
Fully Leased Commercial Investment

For Sale

Lot 17, 222 Glenda Drive is a fully leased investment opportunity in the heart of Frankton’s industrial hub.

222 Glenda Drive is a new industrial subdivision with good access and a complimentary mix of light industrial businesses.

Lot 17 has a total land area of 619m² (including right of way) plus shared loading and driveway.

The site contains 528m² of exclusive yard space with concrete seal, power, water and drainage. It contains 2 portacoms with toilet and kitchenette facilities.

The site is fully leased to Thrifty Car Rentals low-cost brand: Dollar Car Rental on a new lease from October 2019.

The current annual rental is $60,000 + OPEX + GST with built in 3% annual increases and one right of renewal for one further 3-year term.

For sale with an asking price of $1,200,000 + GST (if any).

For more information or to arrange an inspection please contact Tim or Rory today.

Property Details