Solid Investment at Your Disposal

Sale Details

Sold on 20 Apr 2020 for $840,000

Description

This established warehouse represents a solid opportunity for investors to get into the industrial market in a great location. Killara Road allows great access to major arterial roads such as the Western / Metropolitan Ring Road, Tullamarine Freeway and Hume Freeway.

Investment Summary:
Annual Rental: $50,400 p.a. plus GST & outgoings
Commencement Date: 21st March 2020
Term of lease: Three (3) years plus two further terms of three (3) years
Business in occupation since 2005.

The Tenant:
The Bin Guy has been providing bin maintenance services throughout the Melbourne metropolitan area for over 13 years with over 1.7 million bins supplied.

Property Summary;
- Total building area: 700m2*
- Land area: 1,169m2*
- Industrial 1 Zone (IN1Z)
- Kitchenette
- Male and female amenities with shower

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

*Approx.
Pricing excludes GST