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Solid investment with brand new 5 x 5 year lease

20-24 Barretta Road, RAVENHALL VIC, 3023

For Sale

Property for Sale in 20-24 Barretta Road, RAVENHALL VIC, 3023

Gorman Kelly

1 Oxley Road, Hawthorn, VIC 3122

Listing ID:
11362173
Status:
Active
For:
Sale
Last Updated:
05/10/2019
Icon building

Property Type

Industrial/Warehouse
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Land Area

N/A
Icon size

Floor Area

2750 SQM
Icon parking

Parking

N/A

Solid investment with brand new 5 x 5 year lease

Better than money in the bank this investment opportunity has a brand new 5-year lease with a further 5-year option representing a 6% yield. Providing flexibility down the track, this building can easily be brought back to a typical office/warehouse with significant hardstand at the front of the premises. Located 2km from the Robinsons Road interchange and 3km from the Christies Road interchange (Deer Park bypass) it is very easy to head in all directions from here. There is no more industrial land available within the estate and surrounding suburbs. Land prices are going up every 6 months so you should see capital growth here in time.

We believe the most outstanding aspects of the property are:

• Total building area 2,750sqm (approx.)
• Total Land area 5,477sqm (approx.)
• Enormous height, 11m high springing height and 12m at the apex.
• 5-year term with a further 5-year option
• Lease commenced last week (15th September 2019)
• This badminton centre is booked out 3 months in advance! Solid tenant.
• A security deposit equivalent to 5 month’s rent ($104,166)
• 3.5% fixed increases per annum, market review at option

If you would like some more information or would like to book 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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