An outstanding investment opportunity, located in the finest estate in Melbourne's booming Northern industrial region. A high quality building with first class tenant in an industry that is thriving in the current environment.
Office: 967m2 Warehouse: 10,785m2 Total Building: 11,752m2
Land Area: 17,000m2
Lease Details: Tenant: Australian Brushware Corporation Pty Ltd Lease Term: 4.25 Years Commenced 1/5/2020, Expires 31/7/24 Options: Two Further terms of 2 years Notice Period: 12 Months prior to lease end Rental: $925,000pa + GST + Outgoings Rental per sqm: $78m2 Bank Guarantee: $693,750 Increases: 3% pa fixed with market review at option
Features: “A grade” modern building Superb Estate environment International Corporate tenant Substantial bank guarantee Located in the heart of Melbourne's Northern growth corridor Purchaser has the first right of refusal to purchase adjoining land of 6009sqm Same tenant has occupied since 2006 Virtual Tour: https://my.matterport.com/show/?m=FRp9QjeMVBd&brand=0
Drew Williams