10-12 Hocking Street, Coburg, VIC 3058

Industrial

Sold

  • Property ID: 366187
  • Floor Area: 1893m²
  • Land Area: 1511m²
  • NBN Availability: Not Currently Available
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 1893m2 1511m2 Contact Agent
High Yielding Freehold Industrial Investment Of Circa 7.35% Yield!

A high performing Australian food manufacturing investment leased to CCC Operations Pty Ltd trading as Ernest Hillier who are currently facing extreme demand through the COVID-19 Pandemic from major super market chains and distributors.

CCC Operations Pty Ltd have been in occupation of the premises since 2014 and have recently renewed the lease. In addition the tenant occupies the neighboring building directly behind this premises. They currently own and manufacture product lines for Ernest Hiller and Newman's since 2014 and manufacture their chocolate products that have been produced for over 100 years.

The property features include:
- Ground floor area: 1,142m2*
- 1st Floor area: 752m2
- Total building area: 1,893m2*
- Large power & gas connected to premises
- Superb 7.5 - 8 metre* internal height for versatile storage use
- Tenant in occupation since 2014 & has recently renewed their lease
- Currently leased to CCC Operations Pty Ltd T/A Ernest Hillier
- Current rental return: $157,352.76 pa + GST and outgoings
- Lease term of four (4) years from 19th August 2019 + two further terms of three (3) years to follow
- 3% annual increases
- Large Security bond: $100,000
- Tenant also occupies neighboring building behind

The property is superbly located in the well known industrial pocket of Coburg, and is surrounded by main arterials including Sydney Road / Hume Highway and Bell Street and provides quick access to the Hume Highway for connection to every region in Melbourne.

For further information please contact CVA Property Consultants.

Additional Information
Features
  • Availability: Leased
  • Lease Term: 4 years with 3+3 further term
  • Rent Review: 3% annually
  • Car Spaces: On site
  • Air Conditioning: Yes
  • Floors: Concrete
  • Lifts: NA
  • Height: 6 - 6.5 metres
  • Car Parking Fees: Nil.
Outgoings
  • Water Rates: $3,800 + GST P.A APPROX.
  • Land Tax: $2,250 + GST P.A APPROX.
  • Council Rates: $5,080 + GST P.A APPROX.
  • Other Charges: Building Insurance: $15,500 + GST P.A APPROX.
Coburg Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2821 --- ---
Offices $6606 $366 5.54%
Retail --- $292 ---
This is the average advertised price, rent and yield for Coburg, VIC 3058*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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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