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Village Cinemas, 8/42-46 Vella Drive Sunshine West, VIC 3020

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Village Cinemas, 8/42-46 Vella Drive,
Sunshine West, VIC 3020

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

Price information

Sale

1,900,000.00

Key property information

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$82,500
Number of Tenants
1 Tenant
Tenants / Type
Retail

Private inspections

to arrange a private inspection.

Map of Village Cinemas, 8/42-46 Vella Drive

Directions
  • Train stations within 5 km of Village Cinemas, 8/42-46 Vella Drive, Sunshine West, VIC 3020Distance
    Sunshine Station1.8 km
    Tottenham Station3 km
    Albion Station3.1 km
    Ardeer Station3.4 km
    West Footscray Railway Station (West Footscray)4.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Village Cinemas, 8/42-46 Vella Drive, Sunshine West, VIC 3020Distance
    Somerville Rd/Market Rd (Brooklyn)648 m
    6 Boreham St (Sunshine)709 m
    Boreham St/Ardoyne St (Sunshine)723 m
    17 Couper-Angus GR (Sunshine)788 m
    Somerville Rd/Fairbairn Rd (Sunshine West)875 m
    POWERED BY HERE ©
POWERED BY HERE ©

Village Cinemas Food Factory, Producing all Gold Class Food

  • Renewed 3 year lease plus option
  • Fixed 3% annual rent increases
  • Tenant pays usual outgoings
+ 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 ID: 504050171Last Updated: 12 Jul 2022

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