Skip to main content
1 & 2/42-46 Vella Drive
Sunshine West VIC 3020
SearchBack to results
Sold on 12 Jul 2022

1 & 2/42-46 Vella Drive Sunshine West VIC 3020

  • Factory, Warehouse & Industrial
  • 1,025 m²
  • Sold, $1,830,000

Melbourne Industrial Investment - Booming Sector with Record Low Vacancy Rates

    +Renewed Five (5) year lease to November 2026 plus option to 2031.
    +Square: successful cool room and insulated panel manufacturer with over 15 years' experience.
    +Investor preferred net lease terms with tenant paying all outgoings including land tax.
    +Fixed 3% annual rent increases assuring growth.
    +1,025sqm* factory including clear span warehouse, two level head office, 3 high RSD's providing for internal truck drive through and 8 on-title car spaces.
    +Important private driveway access from Vella Drive and secure fenced yard.
    +Booming industrial sector with current record low vacancy rates of 5% nationally and 2.7% in Melbourne.**
    +Ideal for distribution, strategically situated just off busy Somerville Road, with easy access to Western Ring Road, Westgate Freeway, Princes Highway and Port of Melbourne.
    +Situated in the City of Brimbank which has a GRP of $10.58B, representing 2.24% of the states GSP, with manufacturing being the largest industry by employment. ***
    +Sunshine West: established inner metro industrial suburb only 10km from Melbourne CBD.
    +Net Income: $87,000pa + GST

    For Sale by Investment Portfolio Auction
    10:30am (AEDT) Wednesday 11 May 2022
    Crown Casino - River Room

    *Approx
    **Westpac Property Report
    ***Economy ID

    AUCTION

    Auction date and time11/05/2022 10:30
    Auction locationCrown Casino - River Room - Melbourne

    Property Highlights

    Date Sold12 Jul 2022
    Sold Price$1,830,000
    Floor Area1,025 m²
    Land AreaAsk Agent
    EnergyAsk Agent
    ParkingAsk Agent
    Property ID2017733785
    Category
    Last updated  12 Jul 2022
    Map for 1 & 2/42-46 Vella Drive Sunshine West VIC 3020

    Property Highlights

    Date Sold12 Jul 2022
    Sold Price$1,830,000
    Floor Area1,025 m²
    Land AreaAsk Agent
    EnergyAsk Agent
    ParkingAsk Agent
    Property ID2017733785
    Category
    Last updated  12 Jul 2022

    Co-Agents

    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Shaun Venables
    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Anthony Ongarello
    Colliers International | Melbourne West
    Call
    +61448890461
    Ned Walmsley
    Colliers International | Melbourne West
    Call
    +61 401 326 650

    More Factory, Warehouse & Industrial for Sale in Sunshine West VIC

    Sold
    31/180 fairbairn road,sunshine west, VIC 3020
    200 m²
    Factory, Warehouse & Industrial
    Sold
    1 west circuit,sunshine west, VIC 3020
    400 m²
    Factory, Warehouse & Industrial
    Sold$610,000
    unit 8/32 law court,sunshine west, VIC 3020
    169 m²
    Factory, Warehouse & Industrial