96 Malcolm RoadBraeside VIC 3195
Property Details for 96 Malcolm Rd, Braeside
Last Listing description (May 2022)
Don't miss the opportunity to secure this excellent tenanted investment located in the heart of the Braeside Industrial precinct. Totalling 622m2 of building on 1,114m2 of land, the new skylights provide ample natural light with excellent presentation.
The property is securely leased to Leuco Australia Pty Ltd who have been in the building since 2013. Their current Four (4) year term commenced on 15/02/2021 and is due to expire on 14/02/2025. They have one further option of Four (4) years potentially taking them through to February 2029. Currently returning $51,836.64 per annum plus GST and all applicable outgoings. The rent is reviewed annually in line CPI all groups Melbourne.
The property is being sold by expression of interest closing at 2pm on Thursday the 19th of May 2022. Unless sold prior.
Features include:
- Securely leased to a strong tenant
- Returning $51,836.64pa
- Four (4) year lease expiring in February 2025
- One (1) further option of four (4) years
- Excellent location
- Recently completed roof upgrade
- Plenty of car parking
10% Deposit, settle in 60/90 days.
Inspections are strictly by appointment only.
Contact Patrick Morrison of Morrison Commercial on 0438 156 232.
Braeside is Situated 26km* south-east of Melbourne's CBD and within close proximity to major roads including Nepean Highway, Lower Dandenong Road, Springvale Road, Eastlink, recently completed Dingley Bypass. Amenities surrounding the area comprise Moorabbin DFO, Moorabbin Airport and well known Golf Courses; Capital, Woodlands and Southern Golf Clubs.
- All sizes are approximate
- All figures are GST exclusive unless otherwise stated.
Property History for 96 Malcolm Rd, Braeside, VIC 3195
- 02 May 2022Sold for $1,500,000
- 21 Apr 2022Listed for Sale UNDER OFFER
- 07 Apr 1998Sold for $285,000
Recent sales nearby
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About Braeside 3195
The size of Braeside is approximately 8.5 square kilometres. It has 6 parks covering nearly 44.2% of total area. The population of Braeside in 2016 was 21 people. By 2021 the population was 25 showing a population growth of 19.0% in the area during that time. The predominant age group in Braeside is 60-69 years. Households in Braeside are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Braeside work in a trades occupation.In 2021, 37.60% of the homes in Braeside were owner-occupied compared with 40.00% in 2016.
Braeside has 1,685 properties. Over the last 5 years, Houses in Braeside have seen a 30.25% increase in median value, while Units have seen a 165.70% increase. As at 31 March 2026:
- The median value for Houses in Braeside is $1,644,889 while the median value for Units is $1,127,916.
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