LONG TERM TENANTED INVESTMENT WITH UPSIDE

20-26 Barretta Road, Ravenhall, Victoria 3023

Industrial For Sale

Expressions of Interest. EOI Date 29 Jun 2018
Land Area: 15,032.00 m2.    Floor Area: 2,740.00 m2.    

Description

Colliers International is proud to present 20-26 Barretta Road, Ravenhall to the market.

The site is located in the land constrained Orbis Business Park of Ravenhall on a generous parcel of 15,032sqm*, offering investors upside and a hedge against land.

The building on site is under five years old and has been designed to be adapted back to two industrial building – should they ever need to be.

In occupation is Ravenhall Sports Centre which was established as a dedicated badminton centre to service the western suburbs of Melbourne.

The terms of the lease offered are as follows:

• 7 + 7 year term
• 3% annual rent reviews
• Initial rent of $253,520 per annum
• Twelve (12) month's bank guarantee

20-26 Barretta Road, Ravenhall is being offered for sale via Expressions of Interest, closing Friday 29 June at 4pm.

For further information, contact one of the exclusive Colliers International representatives today. Inspections by appointment only.

*approx

Features

  • NEW SEVEN (7) YEAR TERM
  • SIGNIFICANT LAND HOLDING OF 15,032SQM*
  • INITIAL INCOME OF $253,520 P.A.

Specifications

Council Commercial 2
Zoning City of Melton
Car Parking Details Ample on site

Map

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