Broadmeadows 140 Northcorp Boulevard
SIZZLING INVESTMENT OPPORTUNITY - 5.5% return, way below replacement value
A rare opportunity to purchase an investment with long lease and secure tenant (food industry). Attractive yield, corporate business park location and a strong bank guarantee, this is a stand out investment. At close to land value (currently under rented) this is a real opportunity.
Office: 561m2
Processing, freezer + cool rooms: 2020m2
Warehouse: 2085m2
Total Building Size (approx): 4,666m2
Land Size 9,835m2
Summary of Lease Terms:
Lease Term: 5 years
Further Terms: Two further terms of 5 years each
Rental: $605,000p.a.+ GST + outgoings
Commencement: 1st January 2022
Increases: 3% or CPI whichever is the greater
Market reviews: at option - 1/1/27 and 1/1/32
Guarantee: Equal to $332,750 (6 months rental)
Features:
A grade tenant State of the art food processing facility Brand new food grade warehouse 1000amps of power (approx.) Impressive fitout Corporate Business Park 2.4km to Hume Hwy 2.6km to Northern Ring Rd 22km to CBD Melbourne produce market 11km away
Contact Drew Williams 0408 013 968 Today!
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Contact
Sold
$10.5M
Property Information
- Land area approx 9835.00sqm
- Floor area approx 4666sqm