ICR Property Group are delighted to exclusively offer For Sale 1259 Sydney Road, Fawkner.
1259 Sydney Road has an immediate NET rental income of $195,877 p.a. * making this property an ideal portfolio investment opportunity for a long-term hold and future value add.
The property has huge main road exposure (30.4 metres* frontage), close proximity to the Western Ring Road and anchored by the surrounding multinational retailers including Kia, KFC, Krispy Kreme, Enzed, Ibis, Dan Murphy’s, Hungry Jacks, Coles, Kmart, Aldi, Officeworks.
Key Asset features:
- Land area: 1,995 sqm*
- Building area: 1,655 sqm*
- Inc 200 sqm* office
- NET income: $195,877 p.a.* + GST
- Lessee: Well established business for over 40 years
- Term: Five (5) Years
- Commencement: 30th November 2017
- Options up to 2042
- Reviews: 3% annual increases
- Reception and waiting area
- 60 Kwh solar system supplying approximately 80% of the power to run the body shop
- Ten (10) on-site car spaces*
- Commercial 2 Zoning
- 30.4 metres* frontage to Sydney Road
- Gowrie Train Station: 350 m*
- Western Ring Road / Metropolitan Ring Road: 1 kms*
- Bell Street: 4.8 kms*
- Melbourne CBD: 12 kms*
If you would like to organise a private inspection or to discuss this property in more detail, please contact one of ICR’s Exclusive Sales Agents below:
Raff De Luise - 0418 533 633
Julian Materia - 0498 188 011
Troy Crouch - 0411 727 095
Looking to Sell, Lease or Develop your Property? Contact ICR Property Group, the experts in Commercial Real Estate.
For more details, please email agent