The first Ingredient in all good Investments

Auction – Leased Investment - 5 Walton Street, Airport West

Investment opportunity, Industrial

Overview

Property ID: 18706
Price: Contact Agent
Rent: $53,445 (ex. GST)
Building: 520m²
Land: 647m²
Zoning: Commercial 1 Zoning (C1Z)
Auction
18/08/2021 12:00 PM
Add to Calendar 18/08/2021 12:00 PM 18/08/2021 12:00 PM Australia/Melbourne Auction – Leased Investment - 5 Walton Street, Airport West The first Ingredient in all good Investments Craig McKellar [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

POINT OF INTEREST:
Combining a great location, adding the calibre of tenant, and finishing with future development potential are the ingredients to a great investment opportunity. 5 Walton street Airport West offers all this and so much more. Located within minutes from the Tullamarine freeway, Citylink, Essendon fields and Westfield Airport West, this standalone factory/office has been specially fitted-out as a 6 day a week food production facility.

Specializing in butter manufacturing, the property offers full food grade epoxy flooring plus refrigerated wall and ceiling panelling, 5,000 litre grease trap, 3 coolroom/refrigeration areas, mains gas connection and a number of building security features such as an alarm system and security shutters all included as landlord’s fixtures.

Standout Investment particulars:
- Leased to Australian Butter Factory Pty Ltd
- Net return of $53,445.00p.a.
- Three plus three year lease term
- Strong 6 month bond plus director guarantee
- Current tenant In occupation since 2014*

Building particulars:
- Building area: 520m2*
- Land area: 647m2*
- Fully fitted-out food grade factory
- Onsite car parking area
- 1 Roller shutter door

POINT OF VIEW:
Recent developments and re-zoning has seen a dramatic change to the Airport West skyline over the last few years. Most noticeably the newly constructed Alfa Apartments located on the corner of Walton and Webb streets demonstrates that this pocket of Airport West is embarking on a period of future development and growth and it's not hard to appreciate why. Surrounded by a choice of local amenities, shopping centres, public transport, open parkland and walking tracks underpins why Airport West is a recipe for success.

Please note that due to strict food safety protocol, the property shall only be avaiable to view each Sunday between 11.30am - 12.30pm

*Approx.
Pricing excludes GST

Additional Info

Features
TenancyAustralian Butter Factory Pty Ltd
Lease TermThree (3) years + Three (3) years
Commenced20th November 2019
Rent Review5% annual increase
Bond/GuaranteesSix month Bond plus personal director gaurantee
Outgoings PayablePayable by the tenants
AgeUnknown
Air ConditionerWithin office area
AvailabilityLeased investment
Car SpacesThree onsite parking spaces
ConditionExcellent
FloorsFood grade Exposy Flooring and tiles throughout
Height5.5 metres approximate spring building height
LiftsN/A
Roller DoorsOne Roller shutter door
ZoningCommercial 1 Zoning (C1Z)
Outgoings
Owners’ CorporationNot Applicable
Council Rates$2,766.00p.a. approx
Water Rates$1,120.91p.a. approx
Land Tax$1,932.25p.a. approx
Other ChargesBuilding insurance $8,846.02 approx

Agent Details

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