1 & 2/42-46 Vella Drive, SUNSHINE WEST, VIC, 3020

+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

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