B12 & B13, 2A Westall Road
SPRINGVALE, VIC 3171

Essential Services Investment Opportunity

NEXT OPEN FOR INSPECTION:
Friday, 15th September from 11:30am-12:30pm

ON-SITE AUCTION:
Friday, 15th September at 12:30pm
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Fitzroys and O & Co are excited to offer in one line this rare office/warehouse investment opportunity – two units leased to quality tenants, Ambulance Services Victoria and Promotional Clothing, currently returning $105,309.98* p.a. + GST and Outgoings.

The properties are situated in Springvale's tightly-held industrial precinct next to the Springvale Homemaker Centre and moments away from the Princes Highway and Springvale Road. The location benefits from easy access to EastLink, Monash Freeway and the wider South Eastern corridor.

FEATURES

•  Floor Area: 586sqm* (across 2 units)
•  High clearance warehouses
•  Well-appointed two-level offices incorporating amenities
•  Access via 2 roller shutter doors
•  9 car spaces on title

INVESTMENT HIGHLIGHTS

Ambulance Services Victoria
•  Floor Area: 490sqm*
•  Rental: $92,967.84* p.a. + GST and Outgoings
•  Term: 7 years
•  Lease Commencement: 1 April 2020
•  Option: 7 years
•  Annual Increases: CPI
•  7 car spaces

Promotional Clothing
•  Floor Area: 96sqm*
•  Rental: $12,342.14 p/a + GST + Outgoings
•  Term: 2 years
•  Lease Commencement: 1 August 2022
•  Option: 2 years
•  Annual Increases: 4%
•  2 car spaces

For further information or to arrange an inspection, please contact agents.

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