Instant Investment Portfolio on Prime Corner!

Sale Details

Sold on 09 Feb 2016 for $1,300,000

Description

Take advantage of this instant investment portfolio on a corner location at 54A Westwood Drive, Ravenhall, with over 88 metres frontage to Main Road, multiple tenancies and surplus land! Available via Deadline Private Sale closing Wednesday 16th December 2015 at 3pm.

Tenancy A:
- Leased to Get Wrecked 4x4 Commercial Pty Ltd
- Rental return: $34,320 pa (incl. GST)
- Lease term: (3) years
- Further term: (3) years
- Lease commencement date: 1st July 2015

Tenancy B:
- Leased to The Clothesline Diet Club Pty Ltd
- Rental return: $34,320 pa (incl. GST)
- Lease term: (2) years
- Further term: (2) years
- Lease commencement date: 1st February 2016

Tenancy C:
- Leased to Chakik Investments Pty Ltd
- Rental return: $34,320 pa (incl. GST)
- Lease term: (2) years
- Further term: (2) years
- Lease commencement date: 1st September 2015

The above tenancy's comprise a total building area of 610m2* and are situated on a land allotment of 9,093m2*. Adding value, there is also surplus land to build an additional warehouse of 195m2* with existing permit. Further enhancing the property is ample on site parking, security fencing and two street frontages to both Westwood Drive and Waigani Avenue.

The suburb of Ravenhall is situated 22 kilometres* west of Melbourne's Central Business District and is surrounded by the suburbs of Caroline Springs and Deer Park making this one of the fastest growing regions in Melbourne.

Situated in a convenient location, the site is just metres from the Western Freeway and is also within close proximity of the Deer Park Bypass and Western Ring Road.

Major retailers in the immediate vicinity include Reece Plumbing, KFC, McDonalds, BP service Station, Coles, Aldi, Bunnings, Masters, Officeworks, Petbarn, Autobarn, Furtniture Galore, Fantastic Furniture, plus a large number of well known car dealerships.