Investment opportunity, Industrial, Offices, Showroom
| Building Area | 245m² |
|---|---|
| Rate | $4,082 per m² |
| Yield: | 4.70% |
| Sale History ID: | 40327 |
|---|---|
| Property ID: | 20410 |
| Advertised Price: | Contact Agent |
|---|
POINT OF INTEREST:
Fronting Flemington’s renowned thoroughfare of thriving residential and commercial builds, unit 1 has double the level of inner-city advantages than any other. Standing tall with 245 sqm* of dual-level floorplan, this is a warehouse and office asset with showroom potential for the right buyer. Light pours into the space through generous windows, while the roller-door addition makes deliveries a cinch. The two allocated car spaces will be shared amongst your team, but public transport is even easier — the 57 tram is 400 m* away while Newmarket railway station is 750 m*. Just outside of the CBD but buzzing with activity all the same, walk to Flemington Racecourse from work, duck into Newmarket shopping plaza, or head straight to either the northside or the westside quicker than you can say “Be there in ten”.
- 245 sqm* total dual-level building area.
- New two (2) year lease at $47,000 per annum.
- Industrial 3 zoning.
- 2 allocated car spaces.
- Ascot Vale Road street-fronting asset exposed to over 11,000* vehicles passing daily.
- 1.5 km* to the Citylink.
- 1.1 km* to Maribyrnong Road (Brunswick Road).
- 750 m* to Newmarket railway station.
- 4.5 km* to the CBD.
POINT OF VIEW:
A main road address with your business front and centre of it all. Flemington has seen plenty of punts over the years, but this is the low-risk high-return move you can bet on — if you’re the fastest out the gate.
*Approx.
Pricing excludes GST
| Features |
|---|
| Tenancy | The Strength Store Pty Ltd |
|---|---|
| Lease Term | Two (2) Years Plus One (1) Year |
| Commenced | 22nd November 2024 |
| Rent Review | CPI annually and Market review between the lease terms |
| Bond/Guarantees | As per lease |
| Outgoings Payable | Payable by the tenant as per the lease |
| Age | 20 years plus |
| Air Conditioner | Yes - in office |
| Availability | Immediate |
| Car Spaces | 2 |
| Condition | Excellent |
| Floors | Concrete and floating floors |
| Height | 3-4 metres |
| Lifts | No |
| Roller Doors | Yes |
| Sprinklers | No |
| Zoning | Industrial 3 |
| Outgoings |
|---|
| Owners’ Corporation | TBA |
|---|---|
| Council Rates | TBA |
| Water Rates | TBA |
| Essential Safety Measures | TBA |
M | 0418 343 147
T | (03) 9623 2570
E | [email protected]
M | 0418 327 676
T | (03) 9623 2559
E | [email protected]