Village Cinemas Food Factory, Producing all Gold Class Food

8/42-46 Vella Drive , Sunshine West VIC

Property Highlights

Renewed 3 year lease plus option
Fixed 3% annual rent increases
Tenant pays usual outgoings

Description

+ Renewed Three (3) year lease to February 2025 plus options to 2034.
+ Village Cinemas: one of Australia’s largest cinema operators.
+ The one and only food production facility for Village Cinemas in Victoria, producing all Gold Class food including Popcorn and Choc Tops for distribution across the state.
+Investor preferred net lease terms with tenant paying all outgoings including land tax.
+ Fixed 3% annual rent increases assuring growth.
+ Rarely offered 755sqm ‘food factory’ with high value fit out including commercial kitchen, cool stores, office, high RSD + 4 car spaces.
+ 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: $82,500pa + GST

For Sale by Private Treaty

*Approx
**Westpac Property Report
***Economy ID

Property Details

Listing
Sale
Current Tenant
Tenanted
Building Area
755 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights