The Merkin Group co- founds Industrial Property Trust and syndicates first acquisition in Geelong
This Post has Comments Off on The Merkin Group co- founds Industrial Property Trust and syndicates first acquisition in Geelong
The Merkin Group co founded the IRC Unit Trust and as the major unit holder sydnicated other investors and arranged the financing for the acquisition of 1598 m2 of combined office, retail and bulk warehouse premises being Lot 3 291-295 Thompson Rd North Geelong.
A square shaped allotment, located within an industrial precinct north west of Geelong’s Central BusinessDistrict.
A multi tenanted complex, owner managed with current use as industrial warehouse/ showroom and retail it leverages of our investments in e-commerce and wholesale trading as well as our past experience on property management.
The property is improved by a “U-shaped” industrial warehouse/ showroom facility, which has been divided into three separate tenancies. Built 2000 in good state of repair with son recommended repairs required. Additionally, the property features asphalt hardstand, and onsite parking for 46 cars.
Located on the western side of Thompson Road, North Geelong, a main arterial route being a bitumen sealed 4 laneway road with concrete kerbs and street drainage within close proximity to the Princes Highway with excellent visibility and long street frontage, with a large number of onsite parking suitable to a number of uses and with high clearance
North Geelong is located approximately three (3) kilometres north-west of the Geelong citycentre and is four (4) kilometres from the Westfield Geelong Shopping Centre.