1307 North Road,
Huntingdale, VIC 3166
Warehouse, Factory & Industrial • Shops & Retail
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Gross Waddell ICR - Commercial
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
1307 North Road
Huntingdale, VIC 3166
Map of 1307 North Road
HIGH YIELDING INVESTMENT TO LONG STANDING TENANT
- Brand new 5 year term
- Tenant pays the outgoings
- Ideal SMSF investment
** SOLD **
Located in a lively location with high exposure, 1307 North Road, Huntingdale is a premium investment opportunity and comes with a brand new five (5) year lease. Situated on the doorstep to Huntingdale’s retail precinct and train station, this property is perfectly located in a highly sought-after precinct which is undergoing a significant gentrification and revitalisation.
• Brand new five (5) year lease with a further five (5) year option
• Renewed lease commences 1st December 2021
• Significant net rental of $78,000* per annum with 3% annual increases
• Long standing tenant with appropriate permits
• Existing two (2) level building of 200 sqm* and rear ground floor car parking
• Prime land holding of 372 sqm* with significant exposure to North Road - zoned Industrial 1 Zone (IN1Z)
• Located merely metres to Huntingdale train station and major road infrastructure
• Surrounded by an array of retail amenity including Huntingdale’s revitalised retail strip as well as Oakleigh’s and Clayton’s burgeoning retail hubs
• An abundance of parklands, running tracks and golf courses within the immediate vicinity
• Huntingdale enjoys a median house price of $1,172,000 (source realestate.com.au)
The property is to be sold via Expression of Interest closing at 12:00 pm on Friday the 18th of June 2021. For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Located in a lively location with high exposure, 1307 North Road, Huntingdale is a premium investment opportunity and comes with a brand new five (5) year lease. Situated on the doorstep to Huntingdale’s retail precinct and train station, this property is perfectly located in a highly sought-after precinct which is undergoing a significant gentrification and revitalisation.
• Brand new five (5) year lease with a further five (5) year option
• Renewed lease commences 1st December 2021
• Significant net rental of $78,000* per annum with 3% annual increases
• Long standing tenant with appropriate permits
• Existing two (2) level building of 200 sqm* and rear ground floor car parking
• Prime land holding of 372 sqm* with significant exposure to North Road - zoned Industrial 1 Zone (IN1Z)
• Located merely metres to Huntingdale train station and major road infrastructure
• Surrounded by an array of retail amenity including Huntingdale’s revitalised retail strip as well as Oakleigh’s and Clayton’s burgeoning retail hubs
• An abundance of parklands, running tracks and golf courses within the immediate vicinity
• Huntingdale enjoys a median house price of $1,172,000 (source realestate.com.au)
The property is to be sold via Expression of Interest closing at 12:00 pm on Friday the 18th of June 2021. For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Huntingdale, 3166 demographic data
The median household income for Huntingdale is $1,996, 5% higher than Greater Melbourne's household income of $1,901. Huntingdale has a younger age profile compared to the rest of Greater Melbourne (median age 35 vs 37). Property ownership data shows 54% of property owners in Huntingdale have a mortgage.
1,949
Population
$1,996 per week
Median household income
35 years
Median age
Owners
Most residents
Families
Most households
Gross Waddell ICR - CommercialLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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