3/46-50 Sheehan Road Heidelberg West VIC 3081

CBRE is delighted to exclusively present 3/46-50 Sheehan Road, Heidelberg West for sale via public auction on Thursday 16th June 2022 at 2:30pm AEST.

This 1,200sqm* office/warehouse is located within the highly desired industrial pocket of Heidelberg West, an opportunity to purchase an investment of this quality is rare. The property has great access onto Bell Street and Waterdale Road, and is just 11.5km* from Melbourne's CBD.

Key features include:
+ Total building area: 1,200sqm*
+ Warehouse area: 900sqm*
+ Office/showroom area: 300sqm*
+ Two (2) container height roller shutter doors
+ High clearance warehouse
+ Full amenities including lunchroom with kitchenette and male & female bathrooms plus 5 showers
+ Fifteen (15) car spaces
+ LED lighting throughout the warehouse

Lease Details:
+ Tenant: GPC Asia Pacific Pty Ltd (Trading as Napa Auto Parts Pty Ltd)
+ Lease term: Five (5) years
+ Further terms: Five (5) years + Five (5) years
+ Lease commencement: 1st June 2020
+ 2.5% annual increases
+ Rental income: $105,062* per annum plus outgoings and GST as of 1st June 2022

GPC Asia Pacific is the largest automotive aftermarket parts supplier in Australia and New Zealand. GPC Asia Pacific resell and distribute automotive replacement parts/accessories and related tools and equipment through a network of 556 stores and 12 advanced distribution centres.

GPC Asia Pacific businesses include:
+ Repco
+ Napa Auto Parts
+ Mcleod Accessories
+ John Titman Racing
+ AMX Super Stores
+ Sparesbox

Please contact the marketing agents for inspection and further information.

*approx.