The arrival of the property to the market provides a rarely available opportunity to acquire a well leased freehold asset in the highly regarded and established Belmont Commercial Precinct, under the $1m price level, where very few alternatives exist.
The offering comprises 875m2* of freehold land supporting solid and well maintained improvements of 581m2*. More specifically, the improvements comprise of:
Office – 159.3m2*
• Combination of open plan and partitioned office and boardroom.
• Amenities including toilets and staff room.
• Reverse Cycle Air Conditioning.
Warehouse – 339m2*
• Truss Height – From 5.5 to 6.5 metres*
• Clear Span
• Electric Roller Door with direct access from street front – 4.5 metres high and 4 metres wide.
Mezzanine Store – 82.7m2*
The building was constructed circa 1980’s of brick elevations, iron roof and concrete flooring and has been diligently maintained and presents extremely well.
The building is set back from the street verge affording the property car parking directly in front of the premises, accessed via a twin entrance carriageway.
Lease Details
• Leased to the 31st October 2022.
• Option term of a further three (3) years from the 1st November 2022.
• Tenant pays all Statutory and Variable Outgoings including Property Management.
• Net passing rental – $69,715.35 p.a. *
• The exiting national tenant has been in occupation of the property since the 1st November 2013.
For further information please contact Franco Gangemi on 0418 930 5014
*Approximately
