Essential Service Industrial Investment with Land for Expansion

1 Wurundjeri Drive, Epping VIC

Property Highlights

Extended 5+5+5 year lease
Favourable net lease terms
1,000sqm land for expansion STCA
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Description

Extended 5 year net lease with options through to 2036.
Annual CPI reviews through to 2026 converting to fixed 2.5% increases through option periods.
Securely leased to leading packaged liquor manufacturer (Tailored Beverage Company) with stock lines throughout Coles and Woolworths stores nationally.
Six month Bank Guarantee in place, plus the tenant pays council rates, water rates, land tax and management fees.
5,008sqm* corner site in the tightly held Northpoint Enterprise Park which is surrounded by leading industrial, FMCG and LFR occupiers including the Melbourne Fruit and Vegetable Markets, Bunnings Warehouse, Ford, Mercedes, Mission Foods and StratCo.
Strategic logistics location, 1km to the Hume Freeway and Ring Road network via Cooper Street.
Building comprises two adjoining modern office/warehouse facilities totalling 1,603sqm*.
Over 1,000sqm* of potential expansion land (STCA) on title.
Net rental: $324,944 pa + GST.

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Warehouse/Showroom
Land Size
5,008 SQM
Building Area
1,603 SQM

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