102, 22-30 Wallace Avenue, Point Cook, VIC 3030

Showrooms | Offices

Sold

  • Property ID: 387999
  • Floor Area: 180m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 102 Sold N/A 180m2 N/A Contact Agent
INVEST WELL IN THE WEST

POINT OF INTEREST:

Private Sale closing Thursday 27th May 2021. All offers due by 3pm unless sold prior.

Within a prominent pocket of Point Cook, is this opportunity to buy an investment with a company that is flowing in more ways than one. Tenant Western Wellness are six years into a 10-year lease, with the option of two further terms of five years.

This 180 sqm* space is located on the corner and includes seven on-site car spaces plus heating and cooling. With exposure to the Princes Freeway and the Williams Landing railway station, there are thousands of commuters passing daily. Strata titled, with a host of well-established retailers on the block, including cafes and restaurants for staff, this yoga studio is sure to create a strong position for you moving forward in the years to come.

- Total building area of 180 sqm*.
- Established tenant "Western Wellness Yoga"
- Leased until 2025 with two further terms of five years.
- Investment returning $49,196.52 p.a. with annual CPI increases.
- Ground floor showroom/office space.
- Seven on-site car spaces.
- 190 m* to Williams Landing railway station.
- Adjacent to the Princes Freeway.

POINT OF VIEW:

A short stretch west on the currently developing West Gate Tunnel Project, or a longer one here, if you can hold it.


*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Upon settlement
  • Lease Term: 10 + 5 + 5 years
  • Rent Review: Annual CPI
  • Car Spaces: 7 allocated
  • Condition: Excellent
  • Air Conditioning: Yes
  • Floors: Floating floor boards
  • Height: 2.7 metre ceilings*
  • Car Parking Fees: Nil
Point Cook Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $7493 $392 5.23%
Offices $7449 $449 6.03%
Industrial $4071 $161 3.96%
This is the average advertised price, rent and yield for Point Cook, VIC 3030*
* 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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