Corner Prominence With Income.

Sale Details

Sold on 12 May 2021

Description

POINT OF INTEREST:

An income producing industrial offering with unrivalled functionality. Favorably corner positioned, the property is sure to impress featuring a large front hardstand area ideal for loading and unloading capabilities and fully secure and gated entrance.

- Building area: 1,159m2* featuring 220m2* ground floor office plus first floor office
- Land area: 1,948m2*
- Current rental: $91,069.51 p.a net plus GST
- Term: Three (3) years expiring 1st February 2022
- Options: Three (3) years and three (3) years
- Commencement:1 August 2018
- Increases: 3.5% annually plus market review
- Corner position

POINT OF VIEW:

Boasting its prominence on the intersection of Vella Drive and Grace Court, the property provides logistical ease to Somerville, Boundary and Fairbairn Roads and onward connectivity to the Western Ring Road. With the addition of the Melbourne CBD a mere 15km* away, the property is an enviable investment to add to your property portfolio.

*Approx.
Pricing excludes GST