> Securely-leased to a wholly-owned subsidiary of a major US listed multinational packaging group (with 80 global facilities).
> Blue chip investment - Ten (10) + Ten (10) + Ten (10) year lease
> Tenant pays all outgoings including Land Tax
> Rental: $416,352 pa Net
> Corner position - Two massive street frontages
Reserve Street - 47.23 metres approx
Fink Street - 86.58 metres approx
> Substantial land component - 4,916 sqm approx.
> Zoned: Industrial 1
> Building area: 3,654 sqm approx.
Other features include:
> Clear span (portal frame) warehouse
> Internal clearance - maximum height 9.5 metres approx
> Multiple roller door access points
> Superb inner northern fringe office/warehouse with quality long standing tenant in occupation
> High yield investment - leased to a leading global manufacturer of plastic consumer packaging products.
The subject property is strategically located on the north-eastern corner of Reserve and Fink Streets. Reserve Street extends north-south, with Dundas Street at its southern most point and its northern point extending into Sullivan Street. Fink Street extends in an east-west direction between Chifley Drive to its east and Reserve Street to its west.
More particularly, the locality is an inner northern suburb with the subject property approximately 10 kms north of the Melbourne CBD. The surrounding area is an established industrial precinct incorporating older style and more contemporary office/warehouse facilities.
The main focus of industrial activity in this area is generally considered to be that which is bound by Dundas Street to the south, Chifley Drive/Darebin Creek to the east, Gower Street (south of Northland) to the north and Albert Street/Station Street to the west.
It is conveniently accessible via public transport noting that both Albert and Bell Streets are serviced by bus routes.
