Substantial Inner Northern Industrial Premises With Upside
Occupy, develop or invest
> Brilliant office/warehouse > Total building area: 847 sqm approx. Office: 106 sqm approx. Warehouse: 741 sqm approx. > Clear span warehousing > Roller door access > Excellent undercover carparking for 4 cars
The subject property offers a buyer the opportunity to purchase with a view to occupying the premises in mid 2015 or further improving or redeveloping the property.
Investors will acquire a strong asset and will have ample time to firm up a new lease to the existing tenant or market to a new tenant.
The premises are currently leased to the long standing tenant, AAbsolute Coatings Group Pty Ltd who currently have a lease that expires on March 15, 2015. The current return is $50,184 per annum plus outgoings.
The property is located in the well regarded Fairfield industrial precinct.
It is positioned on the northern side of Christmas Street, just off Station Street. Other nearby major arterials include Grange Road, Bell Street, Heidelberg Road and the Eastern Freeway.
It also enjoys access to a vast array of local amenities including Darebin parklands, Station Street's retail precinct and public transport.
The property is to be sold by public auction on site on Wednesday October 15th 2014 at 3pm.
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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