Industrial

POINT OF INTEREST:

An investment so grand it’ll return plenty more than that; this is industrial equity on an even bigger scale. The three street frontages should set the scene on the grandiose nature of the asset, and to back it up — there’s 2,319 sqm* of land and 1,748 sqm* of building area to be bought here. The wide, square shape of the building makes for ideal clearspan warehousing, with dual roller door access and great truck loading and maneuverability a given thanks to the amount of real estate here. There’s a significant hardstand at your disposal, leveraging ample car spaces too. With that said, it’s no wonder it’s occupied — the tenant is Refresco Australia Pty Ltd and has been here since October 2011. The leasing income currently stands at $152,980.90 plus GST & Outgoings, with an annual increase of the lesser of CPI or fixed amount of 3%. Whether you’re looking to keep it this way, or perhaps move in at a later date — getting here is as simple as jumping on the Tullamarine Freeway, Western Ring Road, or landing at Tullamarine Airport.

- Current rent return of $152,980.90 plus GST 
- Lease term : Three years from 1st October, 2022
- Further term: Three Years
- 2,319 sqm* total land area.
- 1,748 sqm* total building area.
- Commercial 2 zoning.
- Three street frontages.
- Secure steel fences and wide electric gate
- Dual roller door access with large hardstand.
- 1.8 km* to Western Ring Road.
- 3 km* to Melbourne Tullamarine Airport.

POINT OF VIEW: Quite literally, three out of four sides — making this building 50% more exposed than the standard commercial offering. And with a floorplan over 2.3K sqm*, if you’re not shy about taking up real estate, this asset isn’t either.

*Approx.
Pricing excludes GST