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10-12 Hocking Street, COBURG VIC, 3058

Sold
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Property Sold in 10-12 Hocking Street, COBURG VIC, 3058

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000

Listing ID:
11389810
Status:
Sold
Last Updated:
30/07/2020
Price:
Contact Agent
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Property Type

Industrial/Warehouse
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Land Area

1511 SQM
Icon size

Floor Area

1893 SQM
Icon parking

Parking

N/A

High Yielding Freehold Industrial Investment Of Circa 7.35% Yield!

A high performing Australian food manufacturing investment leased to CCC Operations Pty Ltd trading as Ernest Hillier who are currently facing extreme demand through the COVID-19 Pandemic from major super market chains and distributors.

CCC Operations Pty Ltd have been in occupation of the premises since 2014 and have recently renewed the lease. In addition the tenant occupies the neighboring building directly behind this premises. They currently own and manufacture product lines for Ernest Hiller and Newman's since 2014 and manufacture their chocolate products that have been produced for over 100 years. 

The property features include:
- Ground floor area: 1,142m2*
- 1st Floor area: 752m2
- Total building area: 1,893m2*
- Large power & gas connected to premises
- Superb 7.5 - 8 metre* internal height for versatile storage use
-  Tenant in occupation since 2014 & has recently renewed their lease
- Currently leased to CCC Operations Pty Ltd T/A Ernest Hillier
- Current rental return: $157,352.76 pa + GST and outgoings 
- Lease term of four (4) years from 19th August 2019 + two further terms of three (3) years to follow
- 3% annual increases
- Large Security bond: $100,000 
- Tenant also occupies neighboring building behind

The property is superbly located in the well known industrial pocket of Coburg, and is surrounded by main arterials including Sydney Road / Hume Highway and Bell Street and provides quick access to the Hume Highway for connection to every region in Melbourne.

For further information please contact CVA Property Consultants.

For more details, please email agent

CVA Property Consultants Pty Ltd

18 - 20 Russell Street, Melbourne, VIC 3000


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