Private Sale by Closing Date – Leased Investment - 190A Holt Parade, Thomastown

Investment opportunity, Industrial

Property ID: 20162
Price: Contact Agent
Rent: $67,980 (ex. GST)
Building: 510m²
Land: 948m²
Zoning: Industrial 1 Zone (IN1Z)
7/12/2023 03:00 PM
Add to Calendar 07/12/2023 03:00 PM 07/12/2023 03:00 PM Australia/Melbourne Private Sale by Closing Date – Leased Investment - 190A Holt Parade, Thomastown TENANTED, RARE, AND INDUSTRIOUS FROM EVERY ANGLE. Luca Angelico [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Offers under review

A well-built asset already occupied by a renowned tenant, this is what it means to be in the right place at the right time. The package starts with 948 sqm* of Thomastown land and a 510 sqm* warehouse/office hybrid building, including 61 sqm* of office space and a 79 sqm* mezzanine. Northern Tile Distributors are happily paying $67,980 per annum to occupy after their July 2023 move-in, and their agreement will see a 3+3 year lease also include 3% annual increases with a market review at option. There are 12 generous off-street parks, a fully gated entry, a three-phase power supply, a motorised container height roller door, and an internal clearance of 6 m* — but what’s beyond 190a is just as valuable. Bunnings, Supercheap Auto, Ampol, and Harvey Norman are around the corner, and so is Metropolitan Ring Road — getting you central in 45 minutes.

- Currently tenanted to Northern Tile Distributors Pty Ltd.
- $67,980 per annum in leasing income.
- Non-retail lease.
- A 3+3 year agreement commenced in July 2022 with 3% annual increases.
- Director personal guarantees
- 510 sqm* total building area.
- 948 sqm* total land area.
- Industrial 1 zoning.
- 6 m* internal clearance and motorised container height roller door.
- 12 allocated off-street car parks.
- Substantial gated hardstand area.
- 900 m* to Metropolitan Ring Road.

Normally we’d advise against judging a book by its cover. But with a building mirroring the beauty of a solid tenancy, this is actually an open (play)book for lucrative investing in Melbourne’s dynamic north.

Pricing excludes GST

Additional Info
TenancyNorthern Tile Distributors Pty Ltd
Lease TermThree (3) + three (3) years
CommencedJuly 2022
Rent Review3% annual increases, market review at option
Bond/GuaranteesBank guarantee of $16,995 with director personal guarantees
Outgoings PayableBy tenant as per lease
Age20+ years
Air ConditionerOffice only
AvailabilitySubject to a lease
Car Parking FeesNil
Car Spaces12 on site
HeightCirca 6m* clearance
Roller DoorsOne container height roller shutter door
ZoningIndustrial 1 Zone (IN1Z)
Building Insurance$4,000.00 p.a. approx
Council Rates$3,320.00 p.a. approx
Water Rates$1,000.00 p.a. approx
Essential Safety Measures$1,000.00 p.a. approx
A/C Maintenance$1,200.00 p.a. approx
Agent Details
CVA Property Consultants - Luca Angelico

Luca Angelico

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

CVA Property Consultants - Craig McKellar

Craig McKellar

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

Ask About The Property