Standalone Industrial Warehouse With Short Term Income

Sold - 351 Settlement Road, Thomastown

Investment opportunity, Industrial

Sale Details

Sold on 15 Jul 2021

Building Area 810m²
Yield: 4.68%
Land Area 1209m²

Overview

Sale History ID: 36521
Property ID: 18620
Advertised Price: Contact Agent

Description

POINT OF INTEREST:
In a competitive market, location and presence is everything. 351 Settlement Road, Thomastown offers that plus so much more. This true standalone factory/warehouse provides a generous clear-span warehouse area with container height roller shutter door access and high capacity power supply. In addition to the features, the property benefits from a short term 6 month lease allowing purchasers the choice to re-lease the property or occupy at the end of the lease term.

- Total building area: 810 sqm*
- Includes 50 sqm* of office/reception area
- Land area: 1,209 sqm*
- 6 metre* internal clearance
- Roller shutter door access
- High capacity power supply
- 8 On-site parking

Lease details:
- Lease term: 6 months commencing 14th June 2021 (No further options)
- Total rental amount of $35,000.00 Net (6 month return only)
- Leased to Zoomwave Constructions (Vic) Pty Ltd
- Security bond of $19,250.00 plus director guarantees

POINT OF VIEW:
You are heading in the right direction. Situated 600m* from the M80 Ring Road and positioned within close proximity to Thomastown's bulky good precinct, the property is within close proximity to major tenants including Bunnings, The Good Guys, Harvey Norman and JB Hif-Fi.

*Approx.
Pricing excludes GST

Additional Info

Features
TenancyZoomwave Constructions (Vic) Pty Ltd
Lease Term6 Months
Commenced14th June 2021
Rent ReviewN/A
Bond/Guarantees$19,250.00
Outgoings PayablePaid by tenants
Air ConditionerTo Office
AvailabilityUpon settlement
Car Parking FeesNil
Car SpacesAmple on-site
ConditionVery good
FloorsConcrete/ Tiles
Height6 metre*
LiftsNil
Roller DoorsYes
SprinklersNo
ZoningIndustrial 1 Zone
Outgoings
Owners’ CorporationTBA
Council RatesTBA
Water RatesTBA
Land TaxTBA
Essential Safety MeasuresTBA

Agent Details

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