Warehouses 1 & 2/23 Pipe Road, Laverton North are offered for private sale as a long term tenanted investment.
The property comprises cool rooms, drainage and other specialised features and has been leased to a long term tenant.
The Industrial 2 Zoned area in Melbourne's west is one of only two pockets in Melbourne where certain businesses can operate. There is no further land to be re-zoned Industrial 2 which will ensure continuous demand for occupiers in this area.
An immediate, secure income and long term land baking are two of many upsides of this property.
+ Lessee: Fresh Halal Poultry Pty Ltd
+ Lease commencement: March 2016
+ Lease term: 5 years
+ Further options: 5+5+5 years
+ Rental return: $64,928 pa + GST & outgoings
+ Annual rent reviews
+ Total building area: 648sqm*
+ Total land area: 1,000sqm*
+ Industrial 2 Zone
+ All outgoings payable by the tenant