6, 71 Elgar Road, Derrimut, VIC 3026

Investment | Other

Sold $860,000

  • Property ID: 255547
  • Floor Area: 716m²
  • NBN Availability: Service Available
  • Cafes: 1 nearby
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 22/06/2018 716m2 N/A $830,000
Modern Industrial Investment in the West.

Now available for sale, this fantastic main road investment located at 71 Elgar Road Derrimut!
A new building with a fresh lease that commenced in January 2017 on a 3 year term! This property presents as a fantastic inclusion to any portfolio. This opportunity will not last long!

Property particulars:

- Total floor area of 716m²
- New 3 year lease, commenced 20th January 2017
- Rental return of $61,360.00 pa + GST
- 4% fixed annual increases
- 3 Month security bond with a personal guarantee
- Further term of 3 years
- Depreciation benefits available

For more information or to arrange an inspection, please contact CVA Property Consultants today!

Additional Information
Features
  • Zoning: Industrial 1
  • Lease Term: 3 Years
  • Rent Review: 4% fixed increase PA
Derrimut Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $125 ---
Industrial $2871 $133 4.62%
Offices $2242 $163 7.29%
This is the average advertised price, rent and yield for Derrimut, VIC 3026*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 6, 71 Elgar Road, Derrimut, VIC 3026. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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