TAKING THE HIGH ROAD: INVESTING IN GOOD BUSINESS.

Sale Details

Sold on 30 Jun 2023 for $1,592,000

Description

For sale via private sale by closing date Friday 30th June 2023 at 2pm.

POINT OF INTEREST:

A highly-valuable industrial asset with a tenant in tow, portfolios that stand the test of time have a foot in Burwood. For sale is 398 sqm* of showroom, warehousing and office space and a floorplan already admired by a well-established family business occupier. They’ve secured their leasing agreement (contractually and with a security deposit) to begin in July for five years, with a five-year option to follow for $71,640 annually. Included in the package are 5 allocated car spaces, a cafe on-site, and heating and cooling within the offices. The tightly-held neighbourhood hasn’t seen much movement, likely thanks to the proximity to Melbourne’s arterials and setting up close to Deakin University. You’re 600 m* from Burwood Highway (and the 75-tram), 3.4 km* from the Monash, and only half an hour from the CBD by car.

- Leased to Campbell and Heeps - Established in 1932 (https://www.campbellheeps.com.au/about-us/).
- New 5-year lease beginning 1/7/2023 with a further 5-year option.
- $71,640 + GST annual leasing income + Outgoings
- 6 months security deposit and personal guarantees.
- 398 sqm* of total building area.
- Industrial 3 zoning.
- 5 on-site car spaces.
- Heating and cooling within the offices.
- 600 m* to Burwood Highway.
- 3.4 km* to the Monash.

POINT OF VIEW:

The only thing better than buying into a business precinct is having the tenant already bought into their future here too — ten years' worth of buy-in, actually.

*Approx.
Pricing excludes GST