9-11 Fitzgerald road, Laverton North, VIC 3026

Industrial | Development/Land

For Sale

  • Property ID: 441803
  • Floor Area: 2095m²
  • Land Area: 10150m²
  • Occupancy: Tenanted
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

Additional Information
Features
  • Availability: Subject to a lease
  • Lease Term: 3 years + 3 Years
  • Rent Review: Fixed Annual increases: 3%
  • Condition: Very Good
  • Air Conditioning: Yes
  • Age: 20 years approx
Laverton North Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $349 ---
Industrial $4416 $213 4.82%
Offices $4666 $263 5.63%
This is the average advertised price, rent and yield for Laverton North, VIC 3026*

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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