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210-218 Maidstone Street, ALTONA VIC, 3018

For Sale
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Property for Sale in 210-218 Maidstone Street, ALTONA VIC, 3018

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11392424
Status:
Active
For:
Sale
Last Updated:
14/10/2020
Price:
Price on Request
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Property Type

Industrial/Warehouse/Retail/Land/Development
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Land Area

3631 SQM
Icon size

Floor Area

501 SQM
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Parking

N/A

As New 7-Eleven plus Drive-Thru Pad Site

As new 7-Eleven freehold investment with unique value-add development opportunity.
Securely leased to November 2032 plus 4 x 5 year options.
7-Eleven: Blue-Chip tenant, Australia’s #1 convenience retailer.
Built in November 2017 offering outstanding depreciation benefits; the first 2 years of rent potentially 100% tax deductable for eligible purchasers**.
Significant 3,631 sqm* corner site including 814 sqm* pad site approved for drive-thru restaurant.
Attractive net lease with annual, fixed, compounding 3% rent increases.
Prime industrial gateway location 2.2 km* from West Gate Freeway with 60 major logistics facilities within 5 km*.
Evolving precinct, set to benefit significantly from the $6.7 billion West Gate Tunnel project with travel times between Altona and Melbourne Ports expected to be reduced by half***.
33,000 sqm* DHL distribution centre (now under construction) and 555,000 sqm* of land proposed for future industrial development within 500 metres.
Next door to a brand new business park of 10 office/warehouses.
Altona/Altona North: Inner city suburbs, 13 km* to the CBD, with forecast 54% population growth by 2041****.
Estimated net income: $307,038 pa* (November 2020).
Strategic essential service investment.

*approximately
**Napier and Blakeley
***Victorian Government
****forecast.id

For more details, please email agent


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Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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