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 |
|---|
| Tenancy | Blue Moon Productions Pty Ltd |
|---|---|
| Lease Term | Three (3) Years |
| Commenced | 08/05/2020 |
| Rent Review | Fixed at 3% annually |
| Bond/Guarantees | $8,000 |
| Outgoings Payable | Payable by the tenant |
| Age | 10 years plus |
| Air Conditioner | Yes in offices |
| Availability | 90-120 days |
| Car Spaces | Yes 4 |
| Condition | Very Good |
| Floors | Concrete warehouse/ carpet offices |
| Height | 8-8.5 metres |
| Lifts | No |
| Roller Doors | Yes x 1, container height |
| Sprinklers | No |
| Zoning | Industrial 1 |
| Outgoings |
|---|
| Owners’ Corporation | TBA |
|---|---|
| Council Rates | TBA |
| Water Rates | TBA |
| Land Tax | TBA |
Agent Details
-
Leo Mancino
M | 0418 343 147
T | (03) 9623 2570
E | leo.mancino@cva.melbourne -
Craig McKellar
M | 0431 892 780
T | (03) 9623 2571
E | craig.mckellar@cva.melbourne