1, 640-680 Geelong Road, Brooklyn, VIC 3012

Investment | Other

Sold $1,350,000

  • Property ID: 300604
  • Floor Area: 587m²
  • NBN Availability: Service Available
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 23/07/2018 587m2 N/A $1,300,000
Class Investment with International Tenant!

CVA Property Consultants are excited to offer this property for sale with long standing tenant Rexel.

Having occupied this property since circa 2001, Rexel have been contributing to the development of the trade electrical supplies distribution market worldwide for nearly 50 years and operate in 32 countries with over 2,000 branches.

This class investment features:

- Ground floor showroom of 460 m2*
- Separate first floor office of 127 m2*
- Anticipated net rental of $86,500 per annum (currently returning $61,156.25)
- Each floor fully independent and air conditioned
- 16 allocated car spaces

The property has frontage to the very busy Geelong Road leading to Princes Freeway with 36,000* cars passing daily and immediate access to the Westgate Freeway via Millers Road.


*approx

Additional Information
Features
  • Zoning: Industrial 1
  • Lease Term: Five (5) plus Five (5) Years
  • Rent Review: Fixed at 3% annually with market reviews inbetween the lease terms
  • Car Spaces: 6 allocated to u1 & 3 allocated to u1a
Brooklyn Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $118 ---
Offices --- $125 ---
Industrial --- $161 ---
This is the average advertised price, rent and yield for Brooklyn, VIC 3012*
* 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.

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™.
  • 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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