88-90 Lara Way Campbellfield VIC 3061

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.