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
TenancyAzano Pty Ltd
Lease TermThree (3) years
Commenced27/08/2018
Rent ReviewCPI / Market review at the end of each term
Bond/Guarantees$6,600.00
Outgoings PayablePayable by tenant per lease
Age11 years
Air ConditionerYes
Availability30 / 60 / 90 Days
Car Parking FeesNil
Car Spaces4 onsite
ConditionExcellent
FloorsConcrete / carpet
Height6 metres
LiftsN/A
Roller DoorsYes
SprinklersN/A
Wheel Chair AccessNo
ZoningSpecial Use Zone - 6
Outgoings
Owners’ CorporationTBC
Council RatesTBC
Water RatesTBC
Land TaxTBC
Essential Safety MeasuresTBC
Other ChargesTBC

Agent Details

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