48-52 Wellington Street Collingwood VIC 3066

The building is located on the North East corner of Wellington and Northumberland Streets within sought after inner suburban Collingwood close to Victoria Parade, Hoddle Street and the Eastern Freeway. Popular retail precincts of Smith Street, Johnston Street and Brunswick Street are within close proximity to the property.

The refurbished âLâ shaped single level brick building has been fitted out for vehicle servicing and repairs. The property comprises to the Wellington Street frontage, a pedestrian entry into a front reception / office / waiting area with unisex amenities. Adjoining is the main motor vehicle entry via an automated roller shutter door into a customer pick-up / drop-off zone, which leads to an expansive âLâ shaped workshop area currently used for motor vehicle servicing.

100% leased to Kmart Australia Pty Ltd
Current Rental: $162,298.37 per annum.
Lease term â" 8 Years
Option term â" Eight + Four Years
Commencement Date â" 22 March 2004
Current Rental â" $162,298pa + GST
Rent Reviews â" Annual to 3%, market at option
Outgoings â" Lessee to pay all statutory outgoings capped at $12,000pa

The property is for sale by private treaty.

Inspections of the property will be arranged by appointment.