AIRPORT WEST OFFICE/FACTORY WITH NEW LEASE
Posted on 21 March 2014
Vinci Carbone is offering 17-19 King Street, Airport West, for sale by Expressions of Interest closing on Thursday 10 April at 3pm. Situated on 1536 sqm, the property comprises a part two level office and factory building of brick construction of approximately 1,307 sqm. It has a 30 metre frontage to King Street and direct access to all major arterial roads, in particular the Tullamarine Freeway and the Western Ring Road which are located only minutes away.
The property offers a new five year lease to a well established engineering business in one of Melbourne's most recognised industrial suburbs. The current rental is $135,000 per annum plus outgoings with fixed annual increases of 4% per annum and is secured by a six month bank guarantee.
The expected price range is circa $1.6 to $1.7 million with an anticipated yield of 8% or more.
The property offers a new five year lease to a well established engineering business in one of Melbourne's most recognised industrial suburbs. The current rental is $135,000 per annum plus outgoings with fixed annual increases of 4% per annum and is secured by a six month bank guarantee.
The expected price range is circa $1.6 to $1.7 million with an anticipated yield of 8% or more.