Square Insulated Panels, 1 & 2/42-46 Vella Drive,
Sunshine West, VIC 3020
Warehouse, Factory & Industrial • Showrooms & Large Format Retail • Offices
Price information
Sold
$1,830,000
Key property information
Floor area
Property extent
Tenure type
Sold on
Colliers - Essendon Fields
Suite 1, 6 English StreetESSENDON FIELDS, VIC 3041
Square Insulated Panels, 1 & 2/42-46 Vella Drive
Sunshine West, VIC 3020
Map
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 Private Treaty
*Approx
**Westpac Property Report
***Economy ID
+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 Private Treaty
*Approx
**Westpac Property Report
***Economy ID
Property ID: 504050363Last Updated: 1 Aug 2023
Colliers - Essendon FieldsSuite 1, 6 English Street
ESSENDON FIELDS, VIC 3041
ESSENDON FIELDS, VIC 3041
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.
More properties from Colliers - Essendon Fields
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
85 Wright Road,Keilor Park, VIC 3042 2664 m²Warehouse, Factory & Industrial • Development Sites & Land