77A & 77B Matthews Avenue,
Airport West, VIC 3042
Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
Price information
Sold
Range: $1,355,000 - $1,585,000
Detailed listing
Key property information
Floor area
Car spaces
Parking info
Property extent
Zoning
Municipality
Tenure type
Sold on
Map of 77A & 77B Matthews Avenue
Showcase Your New Investment
- Two level showroom/office building
- Plus outdoor advertising sign
- Only 7km from the Melbourne CBD
CRS Property is pleased to offer this property For Sale by Auction on Wednesday 21st March at 1pm On-Site.
High profile building with fantastic Tullamarine Freeway exposure and located within the popular Matthews Avenue retail, services and commercial precinct.
* Two level showroom/office building of 540sqm approx
* Zoned Commercial 2
* Two tenancies fully leased plus outdoor advertising sign
* Eleven on-site car parking spaces with own title
Investment Details:
77A Matthews Avenue | Ground Floor Retail/Showroom
* Lease term - 5x5 years from February 2017
* Rental - $54,590 per annum plus GST
* Outgoings - Payable by tenant
* Area - 370sqm approx, plus 30sqm mezzanine
* Rent Reviews - Annual increases by 3%, Market review at option
77B Matthews Avenue | First Floor Office
* Lease term - 2x2 years from March 2017
* Rental - $22,000 per annum plus GST
* Outgoings - Payable by tenant
* Area - 140sqm approx
* Rent Reviews - Annual increases by 3%, Market review at option
77B Matthews Avenue | Advertising Sign
* Lease term - 5 years from March 2017
* Rental - $17,742 per annum plus GST
* Rent Reviews - Annual increases by 2%
Summary:
* Situated adjacent to one of Melbourne's busiest freeways.
* Underpinned by three established tenants, the property presents an excellent investment opportunity.
* Only 7km from the Melbourne CBD and within close proximity to Essendon Fields, DFO and Westfield Shopping Centre.
For further information contact:
Lou Montalti - 0488 553 4... or lou@crsproperty.com.au
Ross Mercorillo - 0418 227 3... or ross@crsproperty.com.au
High profile building with fantastic Tullamarine Freeway exposure and located within the popular Matthews Avenue retail, services and commercial precinct.
* Two level showroom/office building of 540sqm approx
* Zoned Commercial 2
* Two tenancies fully leased plus outdoor advertising sign
* Eleven on-site car parking spaces with own title
Investment Details:
77A Matthews Avenue | Ground Floor Retail/Showroom
* Lease term - 5x5 years from February 2017
* Rental - $54,590 per annum plus GST
* Outgoings - Payable by tenant
* Area - 370sqm approx, plus 30sqm mezzanine
* Rent Reviews - Annual increases by 3%, Market review at option
77B Matthews Avenue | First Floor Office
* Lease term - 2x2 years from March 2017
* Rental - $22,000 per annum plus GST
* Outgoings - Payable by tenant
* Area - 140sqm approx
* Rent Reviews - Annual increases by 3%, Market review at option
77B Matthews Avenue | Advertising Sign
* Lease term - 5 years from March 2017
* Rental - $17,742 per annum plus GST
* Rent Reviews - Annual increases by 2%
Summary:
* Situated adjacent to one of Melbourne's busiest freeways.
* Underpinned by three established tenants, the property presents an excellent investment opportunity.
* Only 7km from the Melbourne CBD and within close proximity to Essendon Fields, DFO and Westfield Shopping Centre.
For further information contact:
Lou Montalti - 0488 553 4... or lou@crsproperty.com.au
Ross Mercorillo - 0418 227 3... or ross@crsproperty.com.au
Additional information
External websites
Property ID: 502708542Last Updated: 14 May 2018
77A & 77B Matthews Avenue
Airport West, VIC 3042
Detailed listing
CRS Property - MelbourneLevel 4, 256 Queen Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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