Property Details

Epping

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  • SOI-748-760 High Street-Epping-Vic-3076

For Sale, Hot $5,000,000 - Commercial, Land

High Street Epping 850 m² approx Land for SALE

Price: $5,000,000

*** Blue chip Investment ***

– Major lease to semi – government tenant
– Building Area 800 sqm approx
– Land Area 850 sqm approx
– Two onsite are spaces
– Potential Fully Leased Nett Rental $238,000 pa plus GST
– Tenants pay all outgoings (except land tax)
– Annual 3.5% increases

*** Property Description ***

Leased to: AMES –Australia
Lease commenced: 1st July 2015
Rent payable: $168,000 pa+GST
Current Rent: $180,000 pa + GST(approx.) As of 1st July 2017
Outgoings: All proportionate outgings (except land tax)
Term: Five (5) Years
Options: Five (5) further terms of (1) year each
Rent Reviews: Annual fixed 3.5% increases
Lettable Area: 560 sqm
Major refurbishment of the building occurred in June 2015 prior to the commencement of the tenancy to AMES – Austrlia

Lease Commenced: 22 January 2018
Current Rent: $52,000 pa + GST
Outgoings: All proportionate outgoings (except land tax)
Options: Three (3) years
Rent Reviews: Annual fixed 3.5% increases
Lettable Area: 158 sqm
Suite C

Lease Commenced: 9th September 2015
Lease Term: Two (2) years
Rent payable: $6000 pa
Outgoings: No outgoings are payable
Options: Two further terms of Two (2) years each
Permitted Use: Storage Room

*** Local Area Information ***

Located approximately 20km north of Melbourne CBD, Easy access to the city is provided via the Metropolitan Ring Road and Tullamarine Freeway or the scenic route straight up High Street through the suburbs..

Epping is an up and coming suburb growing with diversity and development.

Having developed from an old village, several older buildings are constructed in bluestone, plentiful in the surrounding volcanic plains.

Major suburban development took place from the 1970s onwards and the northern fringes of the area are currently in the process of being developed for housing.

There are still opportunities to escape into nature such as at Darebin creek, Maserati Park and several nature reserves.

*** Local Investment ***

The property is handy to the Cooper Street Employment Precinct where over $600 million dollars was committed by the Federal and State governments for the construction of the Melbourne fruit Vegetable & Flower Market. This Melbourne market is set to turn over $2 billion dollars annually.

*** School Nearby ***

– St Peter’s Parish Primary School / Primary Catholic / 0.25 km
– St Monica’s College / Secondary Catholic / 0.42 km
– Epping Primary School / Primary Government / 0.47 km
– Epping Secondary College / Secondary Government / 0.77 km
– Lalor North Secondary College / Secondary Government / 1.36 km

 

Contact Sunny on 0422 060 234 / 9663 0988.

 

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Agent Sunny Lu

  • Office : 03 9663 0988
  • Mobile : 0422 060 234


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