A Corner Location like no other in Point Cook - Tenanted Investment
Melbourne Commercial Group on behalf of our valued clients is pleased to present this unique opportunity to purchase this prime Fully Leased Freehold on a corner location at the gate way to Point Cook.
The property is offered to market for sale via an Expression of interest campaign closing Wednesday 15th December 2021 at 4pm.
Exceptionally located on a commanding corner with irreplaceable three points of street frontage and uninterrupted exposure to the Princes Freeway, Wallace Ave and Linmax Court, underpinned by the large landholding area of 4,810m2*. Two fully leased industrial buildings across one title. The property benefits from two further points of dual frontage and dual access making connectivity to all major key points very easy with close proximity to Williams Landing Railway Station, Princes Freeway, Palmers Road and the ever growing and developing Williams Landing residential town center. The Point is clear, this presence and location offers investors brand appeal and will continue to benefit from increased traffic flow being surrounded within a huge residential catchment that continues to expand. Point Cook has the largest population size in the Wyndham shire.
6 Wallace Ave includes two commercial buildings, modern style high clearance tilt panel construction. Unit 1 comprising of 792m2* and Unit 2, 828m2*, each building offers oversized container height roller doors with all essential amenities and secure car parking.
Unit 1, provides ducted reverse cycle air-conditioning throughout the entire building, 3 phase power with solar panels to the building.
Unit 2, provides two evaporative cooling units, 3 phase power and provides dual access.
Property features:
- Fully leased annual net income of $252,654
- Strong security in place
- Outgoings payable by tenants
- Excellent adaptable building design
- Dual Street Frontage for maximum exposure
Tenancy details:
Unit 1
Total building area: 792m2*
Leased to Wyndham City
Term: Five (5) years started 1st October 2019
Further terms: Two Five (5) year terms 2024 - 2034
Annual net income: $111,394 plus GST and outgoings
Annual reviews at 3% increases
Unit 2
Total building area: 828m2*
Leased to HI JINX Children Play Centre
Term: Five (5) years started 16th July 2019 - July 2024
Further terms: No further terms
Annual net income: $141,260 plus GST and outgoings
Annual reviews at CPI increases
For further information or to arrange an inspection please contact Robert Cubelic on 0422 411 597
(*Approximatey)
