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SOLD BEFORE AUCTION - Yarraville’s hottest investment

1-3 Taylor Street, YARRAVILLE VIC, 3013

Sold

Property Sold in 1-3 Taylor Street, YARRAVILLE VIC, 3013

Gorman Kelly

1 Oxley Road, Hawthorn, VIC 3122

Listing ID:
11361555
Status:
Sold
Last Updated:
09/10/2019
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Property Type

Industrial/Warehouse
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Land Area

N/A
Icon size

Floor Area

479 SQM
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Parking

N/A

SOLD BEFORE AUCTION - Yarraville’s hottest investment

This is your opportunity to purchase a hassle-free, secure investment in an unbeatable, prime location situated only 4km from Melbourne’s CBD. When this property became available for lease last year, 10 inspections were had, 5 offers to lease were submitted and the property was leased within one week. This warehouse has been transformed into a commercial kitchen with all the relevant food-related permits and building permits approved.

We believe the most outstanding aspects of this property include:

- Ground floor area of 429sqm (approx.) with a 50sqm (approx.) first-floor office.
- Secure 5-year lease to KA Pies with a further 5-year option
- Current rental is $87,975 per annum plus GST & tenant pays all of the outgoings
- A security deposit equivalent to 5 months rent including GST
- Annual increases are fixed at 3.5%
- The property is across two titles providing flexibility down the track (STCA)
- Commercial kitchens are impossible to find and are hotly contested by tenants when they become available
- 800m to Yarraville station and 500m to Anderson Street retail precinct

If you would like to arrange an inspection please contact Cameron Hunter on 0424 122 446.

For more details, please email agent

Gorman Kelly

1 Oxley Road, Hawthorn, VIC 3122


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