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77A & 77B Matthews Avenue
Airport West VIC 3042
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Sold on 21 Mar 2018

77A & 77B Matthews Avenue Airport West VIC 3042

  • Offices
  • 540 m²
  • Sold, $1,470,000

Showcase Your Investment

  • Four tenancies fully leased
  • Plus outdoor advertising sign
  • Only 7KM from the Melbourne CBD

AUCTION - Wednesday 21st March at 1pm On-Site.

High profile building with fantastic Tullamarine Freeway exposure and located within the popular Matthews Avenue retail, services and commercial precinct.

* Two level showroom/office building of 540sqm approx
* Zoned Commercial 2
* Two tenancies fully leased plus outdoor advertising sign
* Eleven on-site car parking spaces with own title

Investment Details:
77A Matthews Avenue | Ground Floor Retail/Showroom
* Lease term - 5x5 years from February 2017
* Rental - $54,590 per annum plus GST
* Outgoings - Payable by tenant
* Area - 370sqm approx, plus 30sqm mezzanine
* Rent Reviews - Annual increases by 3%, Market review at option

77B Matthews Avenue | First Floor Office
* Lease term - 2x2 years from March 2017
* Rental - $22,000 per annum plus GST
* Outgoings - Payable by tenant
* Area - 140sqm approx
* Rent Reviews - Annual increases by 3%, Market review at option

77B Matthews Avenue | Advertising Sign
* Lease term - 5 years from March 2017
* Rental - $17,742 per annum plus GST
* Rent Reviews - Annual increases by 2%

Summary:
* Situated adjacent to one of Melbourne's busiest freeways.
* Underpinned by three established tenants, the property presents an excellent investment opportunity.
* Only 7KM from the Melbourne CBD and within close proximity to Essendon Fields, DFO and Westfield Shopping Centre.

For further information contact:
Lou Montalti - 0488 553 455
Ross Mercorillo - 0418 227 354

AUCTION

Auction date and time21/03/2018 13:00
Auction locationAsk Agent

Property Highlights

Date Sold21 Mar 2018
Sold Price$1,470,000
Floor Area540 m²
Land AreaAsk Agent
Parking11 x Onsite parkings
Virtual TourView Tour
Property ID2014173131
Category
Last updated  22 Mar 2018
Map for 77A & 77B Matthews Avenue Airport West VIC 3042

Property Highlights

Date Sold21 Mar 2018
Sold Price$1,470,000
Floor Area540 m²
Land AreaAsk Agent
Parking11 x Onsite parkings
Virtual TourView Tour
Property ID2014173131
Category
Last updated  22 Mar 2018
Level 4, 256 Queen Street Melbourne VIC 3000

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