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21 Elgar Road Derrimut VIC 3026

  • Industrial / Warehouse
  • Floor Size3,202 m²
  • PriceExpressions of Interest

JUMP ON THIS! TWO SHOWROOM INVESTMENTS - BUY ONE OR BOTH

  • Total Building Area: 3,202sqm*
  • Total Income: $392,586.23 pa
  • Ample On-Site Parking

CBRE is pleased to offer Units 1 & 2 (Lot 21) and Units 3 & 4 (Lot 23) for sale via Expressions of Interest closing Thursday 4th April 2019 at 4pm.

Both properties are adjoining and are located on Elgar Road with a huge frontage of 54.02 metres*. The properties are Zoned Industrial 1 under the Brimbank City Council Planning Scheme.

Surrounding facilities predominantly comprise a mix of similar age industrial and retail showroom type retailers fronting Elgar Road. Derrimut Village Shopping Centre is situated directly opposite and encompasses various retail outlets. Further, the property is within the developing Paramount Industrial Business Park with vacant industrial land and modern office/warehouse facilities along with residential development to surrounding areas.

The subject properties comprise two, strata titled, ground level showroom warehouse units which form part of a two-storey showroom warehouse and office development with the tenancy details as follows:

Units 1 & 2 (Lot 21):

- Tenant: Flip Out Trampoline Arena
- Term: Five (5) years
- Passing Rental: $230,306.23 (net)
- Rent Reviews: CPI annually with a market review at the commencement of further options

Units 3 & 4 (Lot 23):

- Tenant: Croc's Playcentres Pty Ltd
- Term: Ten (10) years
- Passing Rental: $162,280 pa (net)
- Rent Reviews: Fixed annual 3% increases with a market review at the commencement of further options

EXPRESSIONS OF INTEREST CLOSING THURSDAY 4TH APRIL 2019 AT 4PM.

For further details on this property or your commercial property needs, contact the exclusive marketing agents Tim Homes 0439 321 707 or Ricardo Cappelletti 0421 837 421.

EXPRESSION OF INTEREST

Closing date and time04/04/2019 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2014989880
Floor Area3,202 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  14 Mar 2019
Map for 21 Elgar Road Derrimut VIC 3026
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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