NOTTING HILL: SHORT- AND LONG-TERM GAIN

EOI – Leased Investment - 4/45-53 Duerdin Street, Notting Hill

Investment opportunity, Industrial

Overview
Property ID: 19233
Price: Contact Agent
Rent: $73,888 (ex. GST)
Building: 445m²
Zoning: Special Use Zone 6
EOI
29/06/2022 02:00 PM
Add to Calendar 29/06/2022 02:00 PM 29/06/2022 02:00 PM Australia/Melbourne EOI – Leased Investment - 4/45-53 Duerdin Street, Notting Hill NOTTING HILL: SHORT- AND LONG-TERM GAIN Daniel Philip [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960
Description

POINT OF INTEREST:

Expression Of Interest Closing Wednesday 29th June 2022 at 2pm.

Within Notting Hill’s tightly held commercial precinct is your next already-tenanted-brilliantly-designed investment. The building has been occupied since 2018 and is returning $73,887.75 per annum net, with the current agreement set to conclude at the end of this year. This makes it the ideal opportunity for those who are looking for a multi-option asset; you could occupy the space in 2023, renew the current lease, or lease the space out to new tenants.

The building itself boasts the corner position with plenty of frontage and signage potential. Additionally, the building includes 445 sqm* made up of both office and warehouse space meaning a vast open floorplan with a modern, clever fit-out. Included in the asset is a kitchenette, three-phase power, a container height roller door, heating and cooling throughout, and ten-car spaces onsite.

Buying into Duerdin Street means putting money where the commercial action is, as you’ll be rubbing shoulders with high-profile industrial players and businesses with established clientele. You have easy access to Melbourne’s arterials by sitting 1 km* from the M1, Springvale Road, Ferntree Gully Road, and 1.5 km* from Dandenong Road. Travelling into the CBD from here will either take you half an hour by car, or the 703 bus sits 600 m* away and can take you up the road to Syndal Railway Station.

- 445sqm* building area.
- 325 sqm* warehouse
- 120 sqm* office
- Returning $73,887.75 per annum net.
- Short-term lease expiring 31 December 2022.
- 10 car spaces onsite.
- Special use 6 zoning.
- Heating and cooling throughout.
- 1km* from the Monash Freeway
- 600m* from 703 bus stop.
-3.8km* from Syndal Railway Station.

POINT OF VIEW:
In a suburb where manufacturing and commercial infrastructure thrives, demand for land has never been higher. Investing in an asset puts you in the driver’s seat to control a building that caters either to the masses or to your niche.


*Approx.
Pricing excludes GST

Additional Info
Features
TenancyCircus MMA Pty Ltd
Lease Term1 year lease term
Commenced1st January 2022
Rent Review3.5%
Bond/Guarantees3 months rental
Outgoings PayableBy tenant as per lease
Age5 years old
Air ConditionerYes
Availability30 - 90 days
Car Parking FeesNil
Car Spaces10 onsite
ConditionExcellent
FloorsConcrete / Carpet
Height6.5 metres*
LiftsN/A
Roller DoorsYes
SprinklersN/A
ZoningSpecial Use Zone 6
Outgoings
Owners’ CorporationTBC
Council RatesTBC
Water RatesTBC
Land TaxTBC
Essential Safety MeasuresTBC
Agent Details
CVA Property Consultants - Daniel Philip

Daniel Philip

M | 0439 977 121
T | (03) 9623 2560
E | [email protected]

CVA Property Consultants - David Napoleone

David Napoleone

M | 0425 740 922
T | (03) 9623 2580
E | [email protected]

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