Melbourne Industrial Investment – Booming Sector with Record Low Vacancy Rates
1 & 2/42-46 Vella Drive , Sunshine West VIC
Property Highlights
Description
+Renewed Five (5) year lease to November 2026 plus option to 2031.
+Square: successful cool room and insulated panel manufacturer with over 15 years’ experience.
+Investor preferred net lease terms with tenant paying all outgoings including land tax.
+Fixed 3% annual rent increases assuring growth.
+1,025sqm* factory including clear span warehouse, two level head office, 3 high RSD’s providing for internal truck drive through and 8 on-title car spaces.
+Important private driveway access from Vella Drive and secure fenced yard.
+Booming industrial sector with current record low vacancy rates of 5% nationally and 2.7% in Melbourne.**
+Ideal for distribution, strategically situated just off busy Somerville Road, with easy access to Western Ring Road, Westgate Freeway, Princes Highway and Port of Melbourne.
+Situated in the City of Brimbank which has a GRP of $10.58B, representing 2.24% of the states GSP, with manufacturing being the largest industry by employment. ***
+Sunshine West: established inner metro industrial suburb only 10km from Melbourne CBD.
+Net Income: $87,000pa + GST
For Sale by Private Treaty
*Approx
**Westpac Property Report
***Economy ID
Property Details