That Investment Property That Just Never Goes To Market. 
Sold - 19/45 Normanby Road, Notting Hill
Investment opportunity, Industrial
Sale Details
Sold on 17 Feb 2021
| Building Area | 336m² |
|---|---|
| Yield: | 3.96% |
Overview
| Sale History ID: | 35964 |
|---|---|
| Property ID: | 18362 |
| Advertised Price: | Contact Agent |
|---|
Description
POINT OF INTEREST:
With only a handful of industrial buildings in the region for sale and in today's seriously undersupplied investment market, this leased investment is as good as it gets. Presenting 336 sqm* of office / warehouse in immaculate condition and leased by Azano Pty Ltd on a three year lease term returning $36,475.00 net per annum.
Azano specialize in the design and manufacturing of food processing, packaging, filling, water treatment, inspection systems, batching and chemical processing equipment. For further information: https://azano.com.au/about-us/
- Total Building area: 336 sqm*
- First floor office area: 60 sqm*
- Current rental: $36,475.00* net per annum
- Tenant: Azano Pty Ltd
- Term: Three (3) years
- Located in one of Notting Hill's best corporate business parks
- Minutes from the Monash Freeway entry & exit ramps (Blackburn Rd)
POINT OF VIEW:
Put simply - they just don't come up. Positioned in possibly the South-East's best commercial and industrial precinct, with direct access to main roads including Ferntree Gully Road, Springvale Road and The Monash Freeway. you'll place this hassle free investment in to your portfolio and then the bottom draw.
*Approx.
Pricing excludes GST
Additional Info
| Features |
|---|
| Tenancy | Azano Pty Ltd |
|---|---|
| Lease Term | Three (3) years |
| Commenced | 27/08/2018 |
| Rent Review | CPI / Market review at the end of each term |
| Bond/Guarantees | $6,600.00 |
| Outgoings Payable | Payable by tenant per lease |
| Age | 11 years |
| Air Conditioner | Yes |
| Availability | 30 / 60 / 90 Days |
| Car Parking Fees | Nil |
| Car Spaces | 4 onsite |
| Condition | Excellent |
| Floors | Concrete / carpet |
| Height | 6 metres |
| Lifts | N/A |
| Roller Doors | Yes |
| Sprinklers | N/A |
| Wheel Chair Access | No |
| Zoning | Special Use Zone - 6 |
| Outgoings |
|---|
| Owners’ Corporation | TBC |
|---|---|
| Council Rates | TBC |
| Water Rates | TBC |
| Land Tax | TBC |
| Essential Safety Measures | TBC |
| Other Charges | TBC |
Agent Details
-
Daniel Philip
M | 0439 977 121
T | (03) 9623 2560
E | daniel.philip@cva.melbourne -
David Napoleone
M | 0425 740 922
T | 03 9623 2580
E | david.napoleone@cva.melbourne