INVEST WITH TRACTION
- Long term lease to national Tenant
- Net rental $260,000p.a.
- Strategic high-profile location
- Land area: 6,482 sqm*
- Floor area: 749 sqm*
Dawkins Occhiuto are proud to present this outstanding investment opportunity at 664-674 Kororoit Creek Road, Altona North.
The property is located in the strategic inner west precinct of Altona North, 12km* from the CBD, with an expansive frontage of 155.17m* on Kororoit Creek Road offering exceptional exposure.
The improvements comprise a modern showroom, office, tyre fitting workshop and warehouse of 749sqm*, complemented with a large canopy of 371sqm*. The improvements occupy a low site coverage ratio of 18% (approx.) with full drive-around access, a large concrete paved rear yard and 30 marked onsite carparking spaces.
The property is leased to Tyres4U Pty Ltd, trading as TyreRight, a well-renowned national company specialising in the supply and fitting of tyres for private and commercial use. The lease term is for 13 years and 2 months (6 years and 7 months initial term remaining) with a passing income of $260,000 per annum*.
664-674 Kororoit Creek Road, Altona North provides a unique opportunity to acquire a prime modern investment property underpinned by an excellent main road location, exceptional surrounding infrastructure with a long-term lease to a well renowned national company.
We highly recommend your consideration of this main road inner western investment opportunity.