20-42 Simcock Avenue, Spotswood, VIC 3015

Industrial | Development/Land

For Sale Contact Agent

  • Property ID: 393772
  • Floor Area: 1558m²
  • Land Area: 15700m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
RARE LANDBANK OPPORTUNITY

CBRE is pleased to offer for sale 20-42 Simcock Avenue, Spotswood Melbourne.
The property provides a rare land banking and investment opportunity with exposure from West Gate Bridge, currently leased to Rivet Energy and sub leased to Toll Group a subsidiary of a global company, Japan Post Holdings, a Tokyo Stock Exchange listed entity (TYO:6178).
Key highlights include:
• Site Area: 15,673 sqm
• GLA: 1,558 sqm
• Zoning: Industrial 1
• Tenant: Rivet Energy Pty Ltd
• Sub Tenant: Toll Group
• WALE: 3.2 years - no further options
• Net Income: $480,339 pa
• Single level warehouse and truck workshop
• Significant hardstand areas
• Two access points from Simcock Avenue
• 6kms from Melbourne CBD
• Excellent access to West Gate Freeway, Western Ring Road and Princes Freeway
The property is offered for sale via an Expressions of Interest campaign closing Thursday 22nd July 2021 at 4:00pm (AEST).

Spotswood Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $198 ---
Offices --- $113 ---
Industrial --- $113 ---
This is the average advertised price, rent and yield for Spotswood, VIC 3015*

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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