Rare Cold Storage Facility in Prime Distribution Location
48 Jesica Street , Campbellfield VIC
Description
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
17 year triple net lease to 2028 plus 10 year option
Tenant pays all outgoings incl. land tax
Leased to national giant Primo Smallgoods
Primo smallgoods: now a subsidiary of JBS, the largest meat processing company in the world with over $70bn in annual revenues
Strategic location close to Sydney Road and Hume Highway, ideal for logistics/distribution
Large 4,317 sqm land area with 2,179 sqm building
All warehouse areas temperature controlled with a mix of chilled and frozen areas
Landlord friendly, triple net terms with the tenant responsible for all outgoings and maintenance and repairs (incl.structural), as per lease
Annual CPI rent increases
Net Income: $267,915 pa + GST
Property Details