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540m2

77A & 77B Matthews Avenue Airport West VIC 3043

Auction Wednesday 21st March at 1pm On-Site

Retail
Offices
Showrooms/Bulky Goods
Industrial/Warehouse

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

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 553 455 or lou@crsproperty.com.au

Ross Mercorillo - 0418 227 354 or ross@crsproperty.com.au 

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