Gross Waddell ICR is pleased to offer 30 Somerton Rd, Somerton for sale.
A highly visible showroom office with ample common onsite parking for the complex. The property is fully leased by two tenants. The 1st floor office has its own separate access via the front of the building, the ground floor showroom has front pedestrian access and rear access via a roller door. The showroom has high clearance which is great for warehousing and displaying goods to the public.
This is a great opportunity to add a fully leased property to your portfolio in a highly desired showroom complex with excellent main road exposure.
Key Highlights:
- Total rental income: $141,440 p.a. +GST +Outgoings
- Total building area: 1,175 sqm*
- Ample onsite parking for the strata showroom complex
- Great exposure to Somerton Road
- Easy access to the Hume Hwy
- Easy access to Cooper Street
- 23 kms* from Melbourne CBD*
- 18 kms* to Tullamarine International Airport
Tenancy Overview:
Ground Floor, 30 Somerton Road
- Rent: $111,280 p.a. +GST +Outgoings
- Term: five (5) years
- Commencement date: 1st October 2022
- Option: five (5) years
- Fixed 4% annual increase during the term
- Building area: 975 sqm*
1st Floor, 30 Somerton Road
- Rent: $30,160 p.a. +GST +Outgoings
- Term: three (3) years
- Commencement date: 15th December 2022
- Option: three (3) years + three (3) years
- Fixed 4% annual increase during the term
- Building area: 200 sqm*
Sales terms: 10% deposit & 60-day settlement
approx*
