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6 Wallace Ave
Point Cook VIC 3030
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Sold on 23 Dec 2021

6 Wallace Ave Point Cook VIC 3030

  • Factory, Warehouse & Industrial
  • 1,620 m²
  • Sold

PRIME CORNER FREEHOLD - FULLY LEASED

A Corner Location like no other in Point Cook - Tenanted Investment

Melbourne Commercial Group on behalf of our valued clients is pleased to present this unique opportunity to purchase this prime Fully Leased Freehold on a corner location at the gate way to Point Cook.
The property is offered to market for sale via an Expression of interest campaign closing Wednesday 15th December 2021 at 4pm.

Exceptionally located on a commanding corner with irreplaceable three points of street frontage and uninterrupted exposure to the Princes Freeway, Wallace Ave and Linmax Court, underpinned by the large landholding area of 4,810m2*. Two fully leased industrial buildings across one title. The property benefits from two further points of dual frontage and dual access making connectivity to all major key points very easy with close proximity to Williams Landing Railway Station, Princes Freeway, Palmers Road and the ever growing and developing Williams Landing residential town center. The Point is clear, this presence and location offers investors brand appeal and will continue to benefit from increased traffic flow being surrounded within a huge residential catchment that continues to expand. Point Cook has the largest population size in the Wyndham shire.

6 Wallace Ave includes two commercial buildings, modern style high clearance tilt panel construction. Unit 1 comprising of 792m2* and Unit 2, 828m2*, each building offers oversized container height roller doors with all essential amenities and secure car parking.
Unit 1, provides ducted reverse cycle air-conditioning throughout the entire building, 3 phase power with solar panels to the building.
Unit 2, provides two evaporative cooling units, 3 phase power and provides dual access.

Property features:
- Fully leased annual net income of $252,654
- Strong security in place
- Outgoings payable by tenants
- Excellent adaptable building design
- Dual Street Frontage for maximum exposure

Tenancy details:

Unit 1
Total building area: 792m2*
Leased to Wyndham City
Term: Five (5) years started 1st October 2019
Further terms: Two Five (5) year terms 2024 - 2034
Annual net income: $111,394 plus GST and outgoings
Annual reviews at 3% increases

Unit 2
Total building area: 828m2*
Leased to HI JINX Children Play Centre
Term: Five (5) years started 16th July 2019 - July 2024
Further terms: No further terms
Annual net income: $141,260 plus GST and outgoings
Annual reviews at CPI increases

For further information or to arrange an inspection please contact Robert Cubelic on 0422 411 597

(*Approximatey)

Melbourne Commercial Group
Melbourne Commercial Group
Level 1/491-495 King St
Melbourne, VIC 3000

Property Highlights

Date Sold23 Dec 2021
Floor Area1,620 m²
Land Area4,810 m²
ParkingAsk Agent
Property ID2017416631
Category
Last updated  30 Dec 2021
Map for 6 Wallace Ave Point Cook VIC 3030

Nearest transport* to 6 Wallace Ave Point Cook VIC 3030

Bus
Train
Williams Landing Station (Williams Landing)723 m
Grandview Ave/The Strand (Point Cook)745 m
Grandview Ave/The Strand (Point Cook)747 m
Williams Landing Station (Williams Landing)749 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Melbourne Commercial Group
Melbourne Commercial Group
Level 1/491-495 King St
Melbourne, VIC 3000

Property Highlights

Date Sold23 Dec 2021
Floor Area1,620 m²
Land Area4,810 m²
ParkingAsk Agent
Property ID2017416631
Category
Last updated  30 Dec 2021

Co-Agents

Robert Cubelic
Robert Cubelic
Melbourne Commercial Group
Call
0422 411 597
Mario Ruberto
Mario Ruberto
Melbourne Commercial Group
Call
0418 376 185

More about 6 Wallace Ave Point Cook VIC 3030

6 Wallace Ave Point Cook VIC 3030 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 1,620 m² and a land area of 4,810 m². The listing ID for this property is 2017416631.

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