1 Spencer Street Thomastown, VIC 3074

Unlock a high-yield opportunity in the heart of one of Thomastown's most coveted industrial pockets. This versatile corner-block facility offers the perfect blend of immediate rental income and long-term strategic value.

• Situated in a highly sought-after central Thomastown Industrial section.
• Corner block access - Rare dual-street access from both Spencer St and Brock St.
• Immediate access to the Metropolitan Ring Road.
• Functional dock facilities
• Heavy-duty 3-phase power
• Dedicated front office area, internal storage rooms, and an additional outdoor shed.
• On-site toilet facilities.
• Zoning: Industrial One (IN1Z).
• Total Land Area: 1,275m² Approx*.
• Total Building Area: 700m² Approx*
• Income: $66,189 per annum (plus all outgoings and GST).
• Fixed 2.5% annual rent increases.
• Tenure: First term expires November 2026, with two (2) further 3-year options.
• Currently leased to an established Cabinet Maker
• Market rental reviews scheduled at the start of each option

Important Information:

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Material Facts: Refer to the Contract of Sale and Vendor Statement for all disclosures.

While every effort has been made to ensure the accuracy of the information provided, Ray White Thomastown does not accept any liability for errors or omissions. Interested parties are advised to conduct their own investigations to confirm all details, including land size.