Crystal Clean Investment

For Sale – Leased Investment - 2 Dairy Drive, Coburg North

Investment opportunity, Retail, Industrial

Overview
Property ID: 18912
Price: Contact Conjunctional agents
Rent: $79,568 (ex. GST)
Building: 500m²
Land: 1,332m²
Zoning: Zoned Industrial 1
Description

POINT OF INTEREST:

An investment opportunity like no other.
For years, the local community of Coburg North has been enjoying the benefits of this well known car wash and café and now buyers can invest. This exceptional property boasts a corner aspect with dual street frontage, dual driveway access and located within a site offering more than 70 metres of frontage to Newlands Road.

Operating uninterrupted since 2010 "Get Fed Get Washed " is an established, 5-bay self-service Car Wash, Dog Wash and on-site Café serving Breakfast and Lunch 7 days a week. With a 4.5 star Google review rating, the business is in a popular, central location, not to mention the great place to grab a quick coffee.

Property particulars:
- Total land area on title 1,332m2* plus common roads
- Café building area 136m2* plus additional 1st floor office area
- 5 Bay Car Wash capacity plus pump-room
- Ancillary vacuum bays, change coin dispenser and dog wash facilities.
- Corner exposure to both Newlands Road and Dairy Drive
- Valuable Landlord owned car wash and café equipment infrastructure

Investment particulars
- Leased to SS trading Group Pty Ltd trading as Get Fed Get Washed
- Annual rental $79,567.50 per annum + outgoings per lease
- 3 year lease plus 6 further options of 3 years
- Security bond and Director guarantees


POINT OF VIEW:
With over 10,000 vehicles* passing daily, Newlands Road Coburg North is well regarded as an important major thoroughfare linking Bell Street, Coburg, Tullamarine freeway, Mahoney's Road, Thomastown and the M80 Ring Road which makes this strategic investment hard to drive by.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancySS Trading Group Pty Ltd T/A Get Washed Get Fed
Lease TermThree years + six further options of Three years
Commenced19th October 2019
Rent Review3% Annually, Market review at options
Bond/GuaranteesTwo months rental bond plus personal guarantees
Outgoings PayablePayable by the tenants
AgeUnknown
Air ConditionerN/A
AvailabilityLeased investment
Car SpacesMultiple onsite
ConditionExcellent
FloorsCarpet and tiles throughout
Height3 metres of internal cafe height approx
Permits IssuedN/A
ZoningZoned Industrial 1
Outgoings
Agent Details
CVA Property Consultants - Craig McKellar

Craig McKellar

M | 0431 892 780
T | (03) 9623 2571
E | [email protected]

CVA Property Consultants - Luca Angelico

Luca Angelico

M | 0447 772 782
T | (03) 9623 2585
E | [email protected]

Ask About The Property
Send