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ICR Property Group - Melbourne

1259 Sydney Road Fawkner, VIC 3060

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1259 Sydney Road
Fawkner, VIC 3060

Warehouse, Factory & Industrial

Price information

Sale

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Land area

1995.0m²

Floor area

1655.0m²

Car spaces

10

Parking info

Ten (10) on-site car spaces*

Zoning

Commercial 2 Zone

Tenure type

Tenanted Investment

ICR Property Group - Melbourne
1259 Sydney Road
Fawkner, VIC 3060
Troy Crouch
Julian Materia
Raff De Luise

ICR Property Group - Melbourne

Level 1, 373 Queen Street
MELBOURNE, VIC 3000

Map of 1259 Sydney Road

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Secure Tenanted Investment – Established Business Over 40 Years

  • NET income: $195,877 p.a.* + GST
  • 60 Kwh solar system
  • Ten (10) on-site car spaces*
ICR Property Group are delighted to exclusively offer For Sale 1259 Sydney Road, Fawkner.

1259 Sydney Road has an immediate NET rental income of $195,877 p.a. * making this property an ideal portfolio investment opportunity for a long-term hold and future value add.

The property has huge main road exposure (30.4 metres* frontage), close proximity to the Western Ring Road and anchored by the surrounding multinational retailers including Kia, KFC, Krispy Kreme, Enzed, Ibis, Dan Murphy’s, Hungry Jacks, Coles, Kmart, Aldi, Officeworks.

Key Asset features:
- Land area: 1,995 sqm*
- Building area: 1,655 sqm*
- Inc 200 sqm* office
- NET income: $195,877 p.a.* + GST
- Lessee: Well established business for over 40 years
- Term: Five (5) Years
- Commencement: 30th November 2017
- Options up to 2042
- Reviews: 3% annual increases
- Reception and waiting area
- Air-conditioning
- 60 Kwh solar system supplying approximately 80% of the power to run the body shop
- Ten (10) on-site car spaces*
- Commercial 2 Zoning
- 30.4 metres* frontage to Sydney Road

Location:
- Gowrie Train Station: 350 m*
- Western Ring Road / Metropolitan Ring Road: 1 kms*
- Bell Street: 4.8 kms*
- Melbourne CBD: 12 kms*
*Approx.

If you would like to organise a private inspection or to discuss this property in more detail, please contact one of ICR’s Exclusive Sales Agents below:

Raff De Luise - 0418 533 633

Julian Materia - 0498 188 011

Troy Crouch - 0411 727 095

Looking to Sell, Lease or Develop your Property? Contact ICR Property Group, the experts in Commercial Real Estate.

Property ID: 503408362Last Updated: 10 Dec 2019

Agency contacts

ICR Property Group - Melbourne

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ICR Property Group - Melbourne

Level 1, 373 Queen Street
MELBOURNE, VIC 3000
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Troy Crouch

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Troy Crouch
ICR Property Group - Melbourne
1259 Sydney Road Fawkner, VIC 3060

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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