2, 1968 Sydney Road, Campbellfield, VIC 3061

Industrial | Retail | Showrooms

Sold

  • Property ID: 441431
  • Floor Area: 434m²
  • Land Area: 434m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 2 Sold 20/03/2024 434m2 434m2 Contact Agent
EXPLICIT IN EXPOSURE, ROI, AND TENANCY.

For Sale via Public Auction on the Wednesday 20th March 2024 at 12pm.

POINT OF INTEREST:
A head-turning investment in more ways than one the explicit exposure to Sydney Road, package inclusions, and a nationally recognised tenant as its baseline. Sexyland holds a 3+3+3 year lease commencing 1st April 2024, trading $74,000 per annum plus GST and outgoings in leasing income. As part of the agreement, there are 4% annual reviews with a market review at the options. The building attracted them because of the vast showroom space, ample common parking, dual street access from the service road and Ainslie Road, and the side roller door access. However, the biggest pull was the high exposure location, sitting proudly in front of busy Sydney Road/Hume Highway and capturing the attention of commuters and locals. This will be the case for decades, with the Hume Freeway only 3.2 km* away, and Metropolitan Ring Road a little south at 4.5 km*.

- Sexyland is a nationally recognised tenant with 16 physical locations and prominent online presence.
- $74,000 per annum + GST and outgoings in leasing income.
- New 3 year lease term from April 2024, with options until 2033.
- Long-standing tenant of 22+ years at the premises.

- Ample on site parking with dual street access.
- Side/rear roller door entrance.
- 3.2 km* to the Hume Freeway.
- 4.5 km* to Metropolitan Ring Road.

POINT OF VIEW:
Off the market for over 25 years, a highly prized use permit, and a renowned national tenant well into their residency. When it comes to commercial investments, the safe word here is “Enquire”.

Additional Information
Features
  • Availability: 60/90 days
  • Lease Term: Three (3) years. Further terms of 3 + 3 years.
  • Rent Review: 4% per annum
  • Car Spaces: Ample on site
  • Condition: Excellent
  • Air Conditioning: Yes
  • Lifts: N/A
  • Height: Circa 6m* clearance
  • Age: Circa 25+ years
  • Car Parking Fees: N/a
Outgoings
  • Water Rates: TBA
  • Land Tax: TBA
  • Council Rates: TBA
  • Owners Corp. / Insurance: TBA
Campbellfield Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $3120 $188 6.03%
Industrial $3020 $162 5.37%
Offices $2819 --- ---
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:

  • 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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