FINALLY: A LIMITED EDITION CLAYTON OFFER.
F5/2A Westall Road, Clayton VIC 3168
Auction 15/05/24
IndustrialSize: n/a
To be sold via Public Auction on Wednesday 15th May 2024 at 12pm on-site.
POINT OF INTEREST:
With record-low supply levels and insatiably high demand, this Hallmarc of Clayton industrial estate finally has an opening to savvy early birds. The versatile office and warehouse hybrid utilises 232 sqm* to its advantage, with 102 sqm* dedicated to modern ground and first-floor office/showroom space. There’s also an elevated internal clearance, a container height roller door, three-phase power and four allocated car spaces for good measure. All of this is currently in use to Yunkyung Kim T/A SIH Trading on a 2-year term that expires in December 2025, with a further 2-year option on the cards. You’ll receive $34,800 per annum (excluding GST and outgoings) in leasing income with 4% annual increases, but keep in mind that this price is under the market rate of $40k per annum — providing an opportunity for significant uplift for any purchaser. And because it goes both ways, an upside for the tenant: this is a non-retail lease, allowing for Land Tax to be recoverable by the tenant.
- Currently leased to Yunkyung Kim T/A SIH Trading on a 2-year term expiring December 2025, with a further 2-year option
- $34,800 per annum in leasing income with 4% annual increases
- Significant rental uplift potential
- 4 month + GST Security Deposit held ($12,760)
- 232 sqm* total building area
- 102 sqm* of modern ground and first-floor office space
- Four allocated on-site car spaces
- Industrial 1 zoning
- 2 km* to Dandenong Road
- 2.7 km* to the Dingley Bypass and Mordialloc Freeway
POINT OF VIEW:
Neighbouring the Springvale Homemakers Centre, Princes Highway, and Clayton’s most prominent industrial and commercial enterprises, this is a strategic play for local investors opting out of residential and into strong capital growth, and owner occupiers playing the long game for the big gains.
*Approx.
Pricing excludes GST
POINT OF INTEREST:
With record-low supply levels and insatiably high demand, this Hallmarc of Clayton industrial estate finally has an opening to savvy early birds. The versatile office and warehouse hybrid utilises 232 sqm* to its advantage, with 102 sqm* dedicated to modern ground and first-floor office/showroom space. There’s also an elevated internal clearance, a container height roller door, three-phase power and four allocated car spaces for good measure. All of this is currently in use to Yunkyung Kim T/A SIH Trading on a 2-year term that expires in December 2025, with a further 2-year option on the cards. You’ll receive $34,800 per annum (excluding GST and outgoings) in leasing income with 4% annual increases, but keep in mind that this price is under the market rate of $40k per annum — providing an opportunity for significant uplift for any purchaser. And because it goes both ways, an upside for the tenant: this is a non-retail lease, allowing for Land Tax to be recoverable by the tenant.
- Currently leased to Yunkyung Kim T/A SIH Trading on a 2-year term expiring December 2025, with a further 2-year option
- $34,800 per annum in leasing income with 4% annual increases
- Significant rental uplift potential
- 4 month + GST Security Deposit held ($12,760)
- 232 sqm* total building area
- 102 sqm* of modern ground and first-floor office space
- Four allocated on-site car spaces
- Industrial 1 zoning
- 2 km* to Dandenong Road
- 2.7 km* to the Dingley Bypass and Mordialloc Freeway
POINT OF VIEW:
Neighbouring the Springvale Homemakers Centre, Princes Highway, and Clayton’s most prominent industrial and commercial enterprises, this is a strategic play for local investors opting out of residential and into strong capital growth, and owner occupiers playing the long game for the big gains.
*Approx.
Pricing excludes GST
Inspections
No open inspections scheduled.
Send an enquiry
Contact Tim Cooney to learn more about this property, request an inspection or take an online tour.
Auction
Wednesday 15 May, 12:00pm
On Site
Key details
Property type:
Industrial
Other Details
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SummaryMedian sales
Average Age
28 years
Population
18,988
Listing ID: 182452166. This listing has been viewed 0 times. It was first displayed on 16/04/2024 and last updated on 19/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
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