32 Industrial Avenue, Hoppers Crossing, VIC 3029

Investment | Other

Sold $1,650,000

  • Property ID: 311965
  • Floor Area: 710m²
  • Land Area: 2322m²
  • NBN Availability: Build Commenced
  • Cafes: 20+ nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 01/11/2018 710m2 2322m2 $1,635,000
Excellent Investment in Western Growth Corridor

CVA Property Consultants are pleased to offer you this outstanding opportunity to secure a quality investment located in a highly sought-after industrial precinct of Hoppers Crossing.

Ideally located close to Old Geelong Road and the Princes Freeway, this property is currently leased to a well-established business "HC Trailers Pty Ltd" who specialize in designing and building custom-made trailers in Australia.

The property is further enhanced with additional land area for future growth and development potential with secure on-site car parking.

Property Features Include:

- Building area 710m2* (including office space of 65m2*)
- Land area 2,322m2*
- Street frontage of 30m*
- Industrial 1 Zoning
- Remote control dual access security gates
- Three container height roller shutter doors
- Large three phase power supply
- One new Abus 5 tonne internal gantry crane


INVESTMENT SUMMARY

Tenant - HC Trailers Pty Ltd

Return - $95,000 net per annum

Commencement - 1st October 2018

Terms - Seven (7) Years
Further Terms - Two (2) further terms of five (5) years

Review - Annually by 3.5%

Guarantee - Bank Guarantee equivalent to six months rental, Personal and Directors guarantee.

Click here to view HC Trailers Pty Ltd website for further tenant information.

*approx

Additional Information
Features
  • Availability: Upon Settlement
  • Zoning: Industrial 1
  • Lease Term: 7 Years
  • Rent Review: Annually
  • Car Spaces: On site parking available
  • Condition: Good
  • Air Conditioning: Yes in Office
  • Roller Doors: 3
  • Floors: Concrete
  • Lifts: No
  • Height: 7.7 Metres approximately
  • Age: 30 Years approximately
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: N/A
  • Land Tax: N/A
  • Council Rates: N/A
  • Owners Corp. / Insurance: N/A
  • Other Charges: N/A
Hoppers Crossing Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $3862 $368 9.54%
Offices --- $368 ---
Industrial $3148 $142 4.51%
This is the average advertised price, rent and yield for Hoppers Crossing, VIC 3029*
* 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™.
  • Nearby Cafes - Number of cafes located within 500 metres of 32 Industrial Avenue, Hoppers Crossing, VIC 3029. 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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