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Sold - 30 & 30A Trade Place, Coburg North

Investment opportunity, Industrial

Sale Details

Sold on 12 Sep 2018 for $760,000

Building Area 507m²
Rate $1,499 per m²
Yield: 4.74%
Land Area 668m²
Rate $1,138 per m²

Overview

Sale History ID: 31128
Property ID: 14912
Advertised Price: $760,000

Description

CVA Property Consultants are pleased to offer 30 & 30A Trade Place, Coburg North for sale via Auction on Wednesday 12th September 2018 at 12pm on-site.

Freehold building is situated on a 668m2* land holding in an established industrial pocket of Coburg North. Located just off Newlands Road, the property is 1.5km* from Murray Road allowing for easy commute to Bell Street, Tullamarine Freeway, Hume Highway and the Metropolitan Ring Road.

Investment Summary

30 Trade Place, Coburg North
Tenant: Northern Sharpening Services Pty Ltd
Current Return: $23,175.00 p.a. net
Term: Three (3) years
Options: Three (3) years

A 427m2* clear span warehouse featuring container height roller shutter door, staff amenities, kitchenette and small office area.

30A Trade Place, Coburg North
Tenant: Trade Place Cafe
Current Return: $12,872.76 p.a. net
Term: Five (5) years
Options: Five (5) years

Small cafe of 80m2* comprising a small industrial kitchen, air-conditioning, internal and external seating areas and staff amenities.

For further information please contact CVA Property Consultants.

*approx

Additional Info
Features
TenancyRefer to attached tenancy schedule
Lease TermThree years/ Five years
CommencedRefer to attached tenancy schedule
Rent ReviewAnnual
Outgoings PayableBy Lessee
Car Spaces3 on-site
ZoningIndustrial 1 Zone
Outgoings
Agent Details
CVA Property Consultants - Anthony Carbone

Anthony Carbone

M | 0488 440 190
T | (03) 9623 2559
E | [email protected]

CVA Property Consultants - Craig McKellar

Craig McKellar

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