2, 8-12 Butler Way, Tullamarine, VIC 3043

Offices

Sold

  • Property ID: 382415
  • Floor Area: 191m²
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 2 Sold N/A 191m2 N/A Contact Agent
A+ Tenant & A+ Locale

POINT OF INTEREST:

Occupied by a blue chip tenant, operating as "Optus Business Centre Tullamarine" this smart corporate office investment is split across two levels and provides a well balanced mix of open plan and glass partitioned work spaces.

Located in the tightly held suburb of Tullamarine, the property is within close proximity to the Tullamarine Freeway, Western Ring Road and the Calder Freeway, providing logistical ease to Melbourne International Airport.

- Total office area 191m2* split over two (2) levels
- Ducted heating and cooling throughout
- Security intercom
- Excellent staff amenities
- Prominent street frontage with business signage opportunity
- Ample on site car parking

INVESTMENT SUMMARY:

- Lease Term: Three (3) Years
- Further Term: Three (3) Years
- Commencement Date: 1st June 2019
- Annual Income: $46,350.00 plus GST
- Reviews: Annually by 3%

POINT OF VIEW:

With the security of a big brand tenant, coupled with the tightly held location of Tullamarine, its the right recipe for your next investment.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Lease Term: Two Terms of Three (3) Years each
  • Rent Review: 3% annual increases
  • Car Spaces: Ample on site
  • Condition: Excellent
  • Air Conditioning: Ducted heating and cooling to both levels
  • Floors: Concrete/Carpet
  • Lifts: No
  • Height: 2.7 metre ceilings*
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: $1,300.00p.a. plus GST (approx)
  • Council Rates: $3,050.00p.a. plus GST (approx)
  • Owners Corp. / Insurance: $2,000.00 p.a. plus GST (approx)
  • Other Charges: Air-condiitoning servicing $1,400.00p.a. plus GST
Tullamarine Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $2700 $83 3.09%
Offices $2752 $250 9.07%
Industrial $2685 $137 5.09%
This is the average advertised price, rent and yield for Tullamarine, VIC 3043*

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

Days on Market data for Offices 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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