8.4 % Site Coverage Investment with Short WALE and Main Road Exposure - Substantial Upside
For Sale via Expressions of Interest - Closing on the 10th of April 2024
AND Property is excited to exclusively offer 1-23 Banfield Court Truganina, an unprecedented opportunity to secure a land rich facility with just an 8.4 %* site coverage offering ultimate flexibility for owner occupiers, investors and developers alike.
The property is to be sold with an approximate 2.3 year * WALE with no further options, allowing buyers to occupy, redevelop or restructure a favourable lease in line with current favourable market rents within a short timeframe.
With extremely low Vacancy of 1.36%* in Truganina an opportunity to own an asset of this calibre is becoming exceedingly rare, in addition land purchase opportunities remain scarce and with the rise of construction costs assets such as 1 - 23 Banfield Court are becoming increasingly difficult to find.
Simply put, land rich opportunities offering such flexibility that can be acquired at below replacement cost are near impossible to replicate.
AND the property highlights:
- Total site area – 29,825 sqm*
- Office / Warehouse – 2,508 sqm*
- Sealed concrete yard - 12,500 sqm*
- 128 metres* of frontage to Leakes Road
- Site coverage – 8.4%*
- Springing height 8m*
- 4 x on grade container height roller doors
- Terrific access and heavy vehicle marshalling capability
- Secure yard areas
- Corporate office with Impressive amenities
- Ample off street parking
-Office / Warehouse built by Texco Constructions
AND the Tenancy Details:
- Tenant: Punjab Roadtrains Pty Ltd (Auswide Transport Solutions) https://auswidetrans.com.au/
- Annual net income: $508,118 per annum + GST & outgoings*
- Commenced: July 1 2023
- Term: 3 years (no further options)
- Fixed Annual increases: 3%
- Security bond: 3 months
- Director's Guarantee
AND the Location Benefits:
- Melbourne CBD: 20.5km*
- Melbourne Airport: 17.6 km*
- Port of Melbourne: 17 km*
Expressions of Interest close on the 10 / 4 / 2024 - Please contact the exclusively appointed agents at AND Property for further information including the lease, plans, COS / S32 and more.
https://andproperty.com.au/
*approx