SUBSTANTIAL INVESTMENT OPPORTUNITY WITH LOW SITE COVERAGE - MARKET REVIEW AT OPTION
The Western industrial sector has fast become one of Victoria’s fastest growing markets — with Laverton North at the forefront. That’s why the team at AND Property couldn’t be more excited to exclusively present 9-11 Fitzgerald Road for private sale. This prominent warehouse/showroom with substantial hardstand and yard area is a strategically positioned only 400m from Princes Freeway, with the intersections of Leakes, Dohertys & Fitzgerald Roads only 85m down the road.
This outstanding opportunity neighbours some of the country’s most prominent occupiers, including Linfox, Sabco, Harvey Norman and James Hardie. And for good reason, with easy access to the CBD & the Port of Melbourne, it's no wonder Laverton North is seen as the heart of Melbourne's industrial West.
With unprecedented low supply of industrial offerings of this calibre in Melbourne’s western market, this immediate income producing asset with high exposure, with the added benefit of development upside in the future - appealing to both investors and developers alike.
AND the property highlights:
- Total site area – 10,150m2*
- Total building area – 2,095m2*
- Site coverage – 20.6%*
- 4 points of access via Mcdonald's and BP
- The site is predominately covered by sealed concrete hardstand - circa 50 %*
- 8 additional car parks are on title accessed via Mcdonald's
- Comprising of showroom, office & warehouse
- Vehicle access via three of the four title boundaries
- Substantial yard/hardstand area
- Secure gate entry
- Wash bay
- 90m main road frontage to Fitzgerald Road*
- Staff amenities
- Ample off street parking
- IN2Z
- Adjoining BP & McDonalds operating 24/7
AND the investment overview:
- Tenant: Earth Moving Equipment Australia Pty Ltd: https://www.eeaustralia.com.au/
- Annual net income: $403,100 per annum + GST & outgoings*
- Commenced: August 18th, 2023
- Term: 3 years + 3 Years
- Fixed Annual increases: 3%
- Landlord Option to Initiate Market Review
- Security bond: 3 months
- Director's Gurantee's
For further information, including the plan, lease and contract of sale / section 32 - please contact the exclusively appointed agents at AND Property.
https://andproperty.com.au/
*approx