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88-90 Lara Way Campbellfield VIC 3061

  • Factory, Warehouse & Industrial
  • 2,650 m²
  • Expressions of Interest

SECURE FIVE YEAR INVESTMENT WITH DEVELOPMENT UPSIDE (STCA)

  • New Five (5) Year Lease
  • Returning $300k Per Annum
  • Future Development Potential (STCA)

CBRE is pleased to exclusively present 88-90 Lara Way, Campbellfield, For Sale via Expressions of Interest closing Thursday 24th June, 2021 at 4pm (AEST).

This property comprises a well-appointed building of 2,650sqm* on 7,595sqm* of land located in the heart of Campbellfield. A long-term lease has just been secured for five (5) years returning $300,000 plus GST & outgoings with options and no market review. This amazing opportunity with 35% site coverage offers future expansion or development potential (STCA) to maximise return.

The property is ideally located in Melbourne's Northern suburbs and is less than 28km* from the Port of Melbourne, 25km* from the CBD and 15km* from the Melbourne Airport. This property has great access to major arterials including the M80 Ring Road, Hume Freeway, Sydney Road & Cooper Street.

Lease Details:
+ Tenant: Campbellfield Bin Hire Pty Ltd
+ Term: five (5) years
+ Options: 5+5 years
+ Rental Return: $300,000 pa net plus GST
+ Security Deposit: 6 months rent plus GST with directors guarantees
+ No market review at options
+ Reviews: 3% annually

Property Features:
+ Gross Lettable Area: 2,650sqm*
+ Land area: 7,595sqm*
+ Low site coverage of 35%
+ Future development or expansion potential (STCA)
+ 50 metre* frontage to Lara Way
+ Drive through capability
+ Wash bay

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 24TH JUNE 2021 AT 4PM (AEST).

*approx.

EXPRESSION OF INTEREST

Closing date and time24/06/2021 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent
Jake George
CBRE Melbourne
Jake George
CBRE Melbourne
Tim Homes
CBRE Melbourne
Tim Homes
CBRE Melbourne

Property Highlights

Property ID2017003972
Floor Area2,650 m²
Land Area7,595 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  23 Jul 2021
Map for 88-90 Lara Way Campbellfield VIC 3061
Map for 88-90 Lara Way Campbellfield VIC 306188-90 Lara Way Campbellfield VIC 3061
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  • Purchase price

    $
    1,234,567

  • 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.

Jake George
CBRE Melbourne
Jake George
CBRE Melbourne
Tim Homes
CBRE Melbourne
Tim Homes
CBRE Melbourne

Property Highlights

Property ID2017003972
Floor Area2,650 m²
Land Area7,595 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  23 Jul 2021
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000
Jake George
CBRE Melbourne
Jake George
CBRE Melbourne
Tim Homes
CBRE Melbourne
Tim Homes
CBRE Melbourne

Ask Jake George about this property

Jake George

Jake George

CBRE Melbourne

Tim Homes

Tim Homes

CBRE Melbourne

+61 *** ***
+61 421 221 019

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