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Colliers are pleased to offer 7 Phillip Court, Port Melbourne for sale.
7 Phillip Court comprises a modern 1,500sqm* warehouse set on a 1,728sqm Industrial 1 zone landholding just 3km* from the Melbourne CBD and within close proximity to major arterial roads in CityLink, Westgate Freeway, and Monash/M1.
Leased to Pet Resorts Australia – one of the largest pet accommodation operations in the country with 10 locations nationwide – on a 10 year term with 3 further 10 year lease options through to 2063, 7 Phillip Court offers buyers security of income rarely seen in the market, with a current rent of $332,615 per annum (excluding outgoings & GST) and sustained rental growth throughout the term due to the favourable inclusion of fixed 3.5% annual rent increases.
- Long-term investment opportunity leased to national tenant
- $332,615 per annum rent, with significant rental growth due to fixed 3.5% annual increases during the lease term
- 10-year lease term commenced 30 August 2023, with three (3) further 10-year options to 2063
- 1,738sqm* Industrial 1 Zone landholding just 3km from the Melbourne CBD
- 1,500sqm* warehouse with comprehensive pet accommodation fit-out (owned & maintained by the tenant)
- On-site parking for 14 vehicles
Remember to mention you found this property on CommercialReady
Colliers are pleased to offer 7 Phillip Court, Port Melbourne for sale.
7 Phillip Court comprises a modern 1,500sqm* warehouse set on a 1,728sqm Industrial 1 zone landholding just 3km* from the Melbourne CBD and within close proximity to major arterial roads in CityLink, Westgate Freeway, and Monash/M1.
Leased to Pet Resorts Australia – one of the largest pet accommodation operations in the country with 10 locations nationwide – on a 10 year term with 3 further 10 year lease options through to 2063, 7 Phillip Court offers buyers security of income rarely seen in the market, with a current rent of $332,615 per annum (excluding outgoings & GST) and sustained rental growth throughout the term due to the favourable inclusion of fixed 3.5% annual rent increases.
- Long-term investment opportunity leased to national tenant
- $332,615 per annum rent, with significant rental growth due to fixed 3.5% annual increases during the lease term
- 10-year lease term commenced 30 August 2023, with three (3) further 10-year options to 2063
- 1,738sqm* Industrial 1 Zone landholding just 3km from the Melbourne CBD
- 1,500sqm* warehouse with comprehensive pet accommodation fit-out (owned & maintained by the tenant)
- On-site parking for 14 vehicles
Remember to mention you found this property on CommercialReady
7 Phillip Court, Port Melbourne, VIC, 3207
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
