Quality Office/Warehouse in Sought After Location

Sold - 2/12 Dairy Drive, Coburg North

Investment opportunity, Industrial

Sale Details

Sold on 05 Aug 2020

Building Area 353m²
Yield: 4.28%
Land Area 504m²
Comments: 4.28% Yield

Overview

Sale History ID: 32927
Property ID: 16018
Advertised Price: Contact Agent

Description

Exceptional office/warehouse facility with plenty to offer in an established industrial precinct in Coburg North.

Located metres from busy Newlands Road and in close proximity to Bell Street and the M80 Ring Road, the property presents an ideal opportunity for investors purchase on the northern fringe within 10 klm's* of Melbourne's CBD.

Property Features include:

- Total Building Area 353m2*
- Warehouse 286m2*
- Air Conditioned First Floor Office 67m2*
- New three 3 year lease with further terms
- Currently returning $36,000 net with fixed 3% increase annually
- Ample amenities with two toilets upstairs & disabled toilet downstairs
- Container height 5 x 5 metre heavy duty colourbond roller door
- Industrial 1 Zone
- Internal clearance from 7.5m to 8m*
- Up to around 200 pallets of storage space
- High Security property, front door shutter, steel fencing & motorised gate
- Separately Titled therefore no Owners Corporation

For more information or to arrange an inspection, please contact CVA Property Consultants.

*Approx.
Pricing excludes GST

Additional Info

Features
TenancyBlue Moon Productions Pty Ltd
Lease TermThree (3) Years
Commenced08/05/2020
Rent ReviewFixed at 3% annually
Bond/Guarantees$8,000
Outgoings PayablePayable by the tenant
Age10 years plus
Air ConditionerYes in offices
Availability90-120 days
Car SpacesYes 4
ConditionVery Good
FloorsConcrete warehouse/ carpet offices
Height8-8.5 metres
LiftsNo
Roller DoorsYes x 1, container height
SprinklersNo
ZoningIndustrial 1
Outgoings
Owners’ CorporationTBA
Council RatesTBA
Water RatesTBA
Land TaxTBA

Agent Details

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