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57 Northgate Drive, THOMASTOWN VIC, 3074

Sold
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Property Sold in 57 Northgate Drive, THOMASTOWN VIC, 3074

Rutherfords Real Estate

83 High Street, Thomastown, VIC 3074

Listing ID:
11340784
Status:
Sold
Last Updated:
25/06/2020
Price:
Expressions Of Interest
Icon building

Property Type

Industrial/Warehouse
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Land Area

28750 SQM
Icon size

Floor Area

13667 SQM
Icon parking

Parking

N/A

SUPERB INVESTMENT OPPORTUNITY - BLUE CHIP TENANT WITH LONG TERM LEASE!

Rutherfords are pleased to offer this outstanding investment located in the heart of Thomastown. This building is a large manufacturing site secured by outstanding tenants with long term leases. The site features dual street access, high power and gas supply along with huge front and rear loading areas.

Total Building Size: 13,667sqm
Total Land Area: 28,570sqm

Property Features:
- Large Power and Gas Supply
- 2 Street Access
- Recessed Docks
- Front and Rear Yard and Loading
- Partitioned and Open Plan Offices
- Superb Freeway Access
- Huge Frontage
- Located in one of Thomastown's best streets

Lease Details:

57A Northgate Dr, Thomastown:
Tenant - Howe & Company (Howe Leather)
Commencement Date - 1/12/18
Lease Term - 7 years
Current Rent - $930,000.00 + Gst and Outgoings
Increases - Fixed 3%
Security - $425,000.00

57B Northgate Dr, Thomastown:
Tenant - Worthington Composites
Commencement Date - 4/5/19
Lease Term - 5 years
Current Rent - $122,520.00 + Gst and Outgoings
Increases - Fixed 4%
Security - $31,242.75

Please Contact Bryce Williams on 0408 166 291 to inspect.

For more details, please email agent

Rutherfords Real Estate

83 High Street, Thomastown, VIC 3074


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