EXPLICIT IN EXPOSURE, ROI, AND TENANCY.

Sale Details

Sold on 20 Mar 2024 for $1,445,000

Description

For Sale via Public Auction on the Wednesday 20th March 2024 at 12pm.

POINT OF INTEREST:
A head-turning investment in more ways than one the explicit exposure to Sydney Road, package inclusions, and a nationally recognised tenant as its baseline. Sexyland holds a 3+3+3 year lease commencing 1st April 2024, trading $74,000 per annum plus GST and outgoings in leasing income. As part of the agreement, there are 4% annual reviews with a market review at the options. The building attracted them because of the vast showroom space, ample common parking, dual street access from the service road and Ainslie Road, and the side roller door access. However, the biggest pull was the high exposure location, sitting proudly in front of busy Sydney Road/Hume Highway and capturing the attention of commuters and locals. This will be the case for decades, with the Hume Freeway only 3.2 km* away, and Metropolitan Ring Road a little south at 4.5 km*.

- Sexyland is a nationally recognised tenant with 16 physical locations and prominent online presence.
- $74,000 per annum + GST and outgoings in leasing income.
- New 3 year lease term from April 2024, with options until 2033.
- Long-standing tenant of 22+ years at the premises.

- Ample on site parking with dual street access.
- Side/rear roller door entrance.
- 3.2 km* to the Hume Freeway.
- 4.5 km* to Metropolitan Ring Road.

POINT OF VIEW:
Off the market for over 25 years, a highly prized use permit, and a renowned national tenant well into their residency. When it comes to commercial investments, the safe word here is “Enquire”.