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Colliers - Essendon Fields

Square Insulated Panels, 1 & 2/42-46 Vella Drive Sunshine West, VIC 3020

Square Insulated Panels, 1 & 2/42-46 Vella Drive,
Sunshine West, VIC 3020

Warehouse, Factory & Industrial • Showrooms & Large Format Retail • Offices

Price information

Sale - Auction

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Key property information

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$87,000
Number of Tenants
1 Tenant
Tenants / Type
Industrial

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to arrange a private inspection.
Colliers - Essendon Fields
Ned Walmsley
Anthony Ongarello

Colliers - Essendon Fields

Suite 1, 6 English Street
ESSENDON FIELDS, VIC 3041
Colliers - Essendon Fields
Square Insulated Panels, 1 & 2/42-46 Vella Drive
Sunshine West, VIC 3020

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Melbourne Industrial Investment - Booming Sector with Record Low Vacancy Rates

  • Renewed 5 year lease plus option
  • Fixed 3% annual rent increases
  • Tenant pays usual outgoings
+Renewed Five (5) year lease to November 2026 plus option to 2031.
+Square: successful cool room and insulated panel manufacturer with over 15 years’ experience.
+Investor preferred net lease terms with tenant paying all outgoings including land tax.
+Fixed 3% annual rent increases assuring growth.
+1,025sqm* factory including clear span warehouse, two level head office, 3 high RSD’s providing for internal truck drive through and 8 on-title car spaces.
+Important private driveway access from Vella Drive and secure fenced yard.
+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: $87,000pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room

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

Property ID: 504050363Last Updated: 29 Jun 2022

Colliers - Essendon Fields
Suite 1, 6 English Street
ESSENDON FIELDS, VIC 3041
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
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