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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
Lou Montalti
CRS Property
Lou Montalti
CRS Property
Ross Mercorillo
CRS Property
Ross Mercorillo
CRS Property

Property Highlights

Property ID2014173131
Date Sold21 Mar 2018
Sold Price$1,470,000
Floor Area540 m²
Land AreaAsk Agent
Parking11 x Onsite parkings
Building TypeWhole building
Virtual TourView Tour
Category
Last updated  22 Mar 2018
Map for 77A & 77B Matthews Avenue Airport West VIC 3042
Map for 77A & 77B Matthews Avenue Airport West VIC 304277A & 77B  Matthews Avenue Airport West VIC 3042
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  • Purchase price

    $
    1,470,000

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Lou Montalti
CRS Property
Lou Montalti
CRS Property
Ross Mercorillo
CRS Property
Ross Mercorillo
CRS Property

Property Highlights

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

Ask Lou Montalti about this property

Lou Montalti

Lou Montalti

CRS Property

Ross Mercorillo

Ross Mercorillo

CRS Property

0488 *** ***
0488 553 455

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