Exceptional Investment Opportunity - New 5 Year Lease

Unit 1, 147 Proximity Drive, Sunshine West, Victoria 3020

Industrial For Sale

For Sale
Floor Area: 120.00 m2.    

Description

The property is located within the prominent Proximity Industrial Estate approximately 12 kilometres west of Melbourne’s CBD with very easy access to the Western Ring Road via the Boundary Road diamond interchange.

In recent times, Sunshine West has developed into one of western Melbourne’s premier industrial precincts. Within the last five years, a number of the industrial estates in the region, in particular the Proximity Industrial Estate, have become fully developed, limiting the opportunity to purchase comparable properties similar to the being offered at Unit 1, 147 Proximity Drive, Sunshine West.

• Asking price: $620,000
• Currently returning $46,000.00 per annum + GST and Outgoings
• Term: 5 years & 6 months
• Option: 3 years + 3 years
• Commencement date: 5th October 2018
• Security: 6 months’ rent + GST (totalling $25,300)
• In built rental growth of 4% annually and market review upon exercise of option
• Net lettable area of 120sqm (approx.) plus onsite car parking
• Proximity Drive frontage
• Inner west locale
• New cutting edge building
• Impressive fit out


For further information or to arrange an inspection, please contact the exclusive selling agents.

Features

  • TOTAL LETTABLE AREA OF 120SQM*
  • RETURNING $48,082.04 PER ANNUM + GST
  • PROXIMITY DRIVE FRONTAGE

Specifications

Council Brimbank City Council
Zoning Industrial 2 Zone (IN2Z)

Map

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