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