88-90 Lara Way, Campbellfield, VIC 3061

Industrial | Showrooms

For Sale Contact Agent

  • Property ID: 390890
  • Floor Area: 2650m²
  • Land Area: 7600m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
SECURE FIVE YEAR INVESTMENT WITH DEVELOPMENT UPSIDE (STCA)

CBRE is pleased to exclusively present 88-90 Lara Way, Campbellfield, For Sale via Expressions of Interest closing Thursday 24th June, 2021 at 4pm (AEST).
This property comprises a well-appointed building of 2,650sqm* on 7,595sqm* of land located in the heart of Campbellfield. A long-term lease has just been secured for five (5) years returning $300,000 plus GST & outgoings with options and no market review. This amazing opportunity with 35% site coverage offers future expansion or development potential (STCA) to maximise return.
The property is ideally located in Melbourne’s Northern suburbs and is less than 28km* from the Port of Melbourne, 25km* from the CBD and 15km* from the Melbourne Airport. This property has great access to major arterials including the M80 Ring Road, Hume Freeway, Sydney Road & Cooper Street.
Lease Details:
+ Tenant: Campbellfield Bin Hire Pty Ltd
+ Term: five (5) years
+ Options: 5+5 years
+ Rental Return: $300,000 pa net plus GST
+ Security Deposit: 6 months rent plus GST with directors guarantees
+ No market review at options
+ Reviews: 3% annually
Property Features:
+ Gross Lettable Area: 2,650sqm*
+ Land area: 7,595sqm*
+ Low site coverage of 35%
+ Future development or expansion potential (STCA)
+ 50 metre* frontage to Lara Way
+ Drive through capability
+ Wash bay
FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 24TH JUNE 2021 AT 4PM (AEST).
*approx.

Campbellfield Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $2000 --- ---
Offices --- $278 ---
Industrial $1495 $87 5.84%
This is the average advertised price, rent and yield for Campbellfield, VIC 3061*

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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