Invest or Occupy in Port Melbourne

Sold - 26/3 Westside Avenue, Port Melbourne

Investment opportunity, Offices

Sale Details

Sold on 13 May 2022 for $610,000

Building Area 132m²
Rate $4,621 per m²
Yield: 5.40%

Overview

Sale History ID: 37259
Property ID: 18976
Advertised Price: Contact Agent

Description

POINT OF INTEREST:
Perfectly positioned on the corner of one of Port Melbourne's best office estates is this light-filled, two level office that is complement by natural light, staff amenities and 5 on-site car spaces. Occupied by the current tenant - Integrated Protective Services - since 2018, 26/3 Westside Avenue now presents the perfect opportunity for investors or owner occupiers to grab their piece of Port Melbourne. Conveniently located within a highly accessible part of Fishermans Bend, the property is conveniently located just 3.2km* from the Melbourne CBD and 750m* from CityLink, the Westgate Freeway, and other major arterial roads - ensuring excellent accessibility from all over Melbourne.

The Fishermans Bend Urban Renewal Project - https://www.fishermansbend.vic.gov.au/ - is well underway and ensures that the area will be highly coveted in the future, with major infrastructure and education investment the key foundation for the evolution of this vital precinct.

- Current rental return of $33,328 per annum net
- 132m2* over two levels including open plan works areas and partitioned offices
- 5 on-site allocated car spaces
- Exceptional access to Melbourne CBD and major arterial roads
- Abundance of natural light
- Male & female bathrooms and kitchen

POINT OF VIEW:
Whether you're looking to invest or occupy, the future is bright in Port Melbourne.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyIntegrated Protective Services
Lease TermOne (1) year
Commenced08 June 2021
Bond/GuaranteesSecurity bond equivalent to 3 months rent
Outgoings PayableBy tenant as per lease
AgeCirca 15 years
Air ConditionerDucted, reverse cycle
AvailabilityImmediate
Car Parking FeesN/A
Car Spaces5 on-site
ConditionExcellent
FloorsCarpet / Tile
Height2.5m (approx)
LiftsN/A
Roller DoorsN/A
SprinklersN/A
Wheel Chair AccessTo ground floor
ZoningCommercial 2 Zoning
Outgoings
Owners’ Corporation$3,140pa (approx)
Council Rates$2,045pa (approx)
Water Rates$950pa (approx)(excl. usage)
Agent Details
CVA Property Consultants - Ben Quennell

Ben Quennell

M | 0499 903 905
T | (03) 9623 2559
E | [email protected]

CVA Property Consultants - Ryan Milivojac

Ryan Milivojac

M | 0409 481 471
T | (03) 9623 2566
E | [email protected]