This is your opportunity to purchase a hassle-free, secure investment in an unbeatable, prime location situated only 4km from Melbournes CBD. When this property became available for lease last year, 10 inspections were had, 5 offers to lease were submitted and the property was leased within one week. This warehouse has been transformed into a commercial kitchen with all the relevant food-related permits and building permits approved.
We believe the most outstanding aspects of this property include:
- Ground floor area of 429sqm (approx.) with a 50sqm (approx.) first-floor office.
- Secure 5-year lease to KA Pies with a further 5-year option
- Current rental is $87,975 per annum plus GST & tenant pays all of the outgoings
- A security deposit equivalent to 5 months rent including GST
- Annual increases are fixed at 3.5%
- The property is across two titles providing flexibility down the track (STCA)
- Commercial kitchens are impossible to find and are hotly contested by tenants when they become available
- 800m to Yarraville station and 500m to Anderson Street retail precinct
If you would like to arrange an inspection please contact Cameron Hunter on 0424 122 446.
