5 Walton Street, Airport West, VIC 3042

Industrial

Sold

  • Property ID: 393445
  • Floor Area: 520m²
  • Land Area: 647m²
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 520m2 647m2 Contact Agent
The first Ingredient in all good Investments

POINT OF INTEREST:
Combining a great location, adding the calibre of tenant, and finishing with future development potential are the ingredients to a great investment opportunity. 5 Walton street Airport West offers all this and so much more. Located within minutes from the Tullamarine freeway, Citylink, Essendon fields and Westfield Airport West, this standalone factory/office has been specially fitted-out as a 6 day a week food production facility.

Specializing in butter manufacturing, the property offers full food grade epoxy flooring plus refrigerated wall and ceiling panelling, 5,000 litre grease trap, 3 coolroom/refrigeration areas, mains gas connection and a number of building security features such as an alarm system and security shutters all included as landlord’s fixtures.

Standout Investment particulars:
- Leased to Australian Butter Factory Pty Ltd
- Net return of $53,445.00p.a.
- Three plus three year lease term
- Strong 6 month bond plus director guarantee
- Current tenant In occupation since 2014*

Building particulars:
- Building area: 520m2*
- Land area: 647m2*
- Fully fitted-out food grade factory
- Onsite car parking area
- 1 Roller shutter door

POINT OF VIEW:
Recent developments and re-zoning has seen a dramatic change to the Airport West skyline over the last few years. Most noticeably the newly constructed Alfa Apartments located on the corner of Walton and Webb streets demonstrates that this pocket of Airport West is embarking on a period of future development and growth and it's not hard to appreciate why. Surrounded by a choice of local amenities, shopping centres, public transport, open parkland and walking tracks underpins why Airport West is a recipe for success.

Please note that due to strict food safety protocol, the property shall only be avaiable to view each Sunday between 11.30am - 12.30pm

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Leased investment
  • Lease Term: Three (3) years + Three (3) years
  • Rent Review: 5% annual increase
  • Car Spaces: Three onsite parking spaces
  • Condition: Excellent
  • Air Conditioning: Within office area
  • Floors: Food grade Exposy Flooring and tiles throughout
  • Lifts: N/A
  • Height: 5.5 metres approximate spring building height
  • Age: Unknown
Outgoings
  • Water Rates: $1,120.91p.a. approx
  • Land Tax: $1,932.25p.a. approx
  • Council Rates: $2,766.00p.a. approx
  • Owners Corp. / Insurance: Not Applicable
  • Other Charges: Building insurance $8,846.02 approx
Airport West Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4935 $519 10.52%
Offices $6369 $336 5.28%
Industrial $2428 $199 8.18%
This is the average advertised price, rent and yield for Airport West, VIC 3042*

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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