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Sold on 6 Jan 2020

155 Newlands Road Coburg North VIC 3058

  • Industrial / Warehouse
  • 670 m²
  • Sold

Iconic Site – 10 Year Lease – Significant Land Holding

- Landmark site within inner north location
- Excellent connectivity to Melbourne CBD (approx. 11kms), Port of Melbourne (approx. 13kms) and Melbourne International Airport (approx. 17kms)
- 10 year triple net lease guaranteed by Village Cinemas Australia Pty Ltd
- Commencing rental of $597,000 p.a. net
- Fixed annual 3% rental increases
- Significant land holding of 8.1 hectares within constrained market
- Industrial 1 zone
- Multitude of future redevelopment options (STCA)
- High underlying land value underpins the asset

Property Highlights

Property ID2014634092
Date Sold6 Jan 2020
Floor Area670 m²
Land Area8.17 ha
ParkingAsk Agent
Building TypeWhole building
Category
Last updated  30 Oct 2018
Map for 155 Newlands Road Coburg North VIC 3058
Map for 155 Newlands Road Coburg North VIC 3058155 Newlands Road Coburg North VIC 3058
JLL - Melbourne
Level 40 101 Collins Street Melbourne VIC 3000

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