COMMANDING 25 METER FRONTAGE TO MAIN ROAD - TWO MODERN BUILDINGS TO BE SOLD AS ONE.

  • Occupy or Invest
  • No GST
  • Modern Offices

DGi Properties & CBRE are pleased to exclusively present 1 & 2/159 Newlands Road, Coburg North for sale via Expression of Interest closing Wednesday 18th October at 4pm (AEDT).

Two office / showroom / warehouse buildings to be sold as one with combined building area of 1,019sqm*. Assets offered with a lease to national building services company Airmaster Pty Ltd, with over 30 years in business and operating in Australia and New Zealand. This well positioned asset is currently returning $134,668 per annum plus GST & outgoings with the current term ending on 30th September 2024. The tenant is open to an early surrender of lease for owner occupiers wanting to move in early.

Located within a revitalised industrial precinct in Melbourne's inner north with convenient access to Sydney Road, Bell Street and CityLink.

Lease Details:
+ Tenant: Airmaster Pty Ltd
+ Term: Ending on 30th September 2024
+ Options: Five (5) + Five (5) Years
+ Rental: $134,668 plus GST & outgoings per annum
+ Security Deposit: TBA
+ Annual Reviews: 4% annually
+ Tenant is open to surrendering lease subject to negotiation.


Property Features Include:
+ GLA: 1,019sqm approx.
+ Dual Roller Doors
+ Main Road Exposure
+ High Power Supply
+ Corner position
+ Fully refurbished offices
+ 10 Car spaces on title

For further details on this property or your commercial property needs, please contact the DGi Agents David on 0413 202 259 or Tony on 0411 222 766  or the marketing agent Jake George on 0421 221 019 or Matt Romanin on 0412 888 428

*Approx.

**NOTE: ALL EMAIL ENQUIRIES MUST CONTAIN A PHONE NUMBER**

10
Address Unit 1 & 2, 159 Newlands Rd, Coburg North
Price CONTACT AGENT
Property Type Commercial
Property ID 319
Category Industrial/Warehouse, Showrooms/Bulky Goods, Retail
Warehouse Area 1,019m2

Quick Links

Agent Details

David Gargaro photo

David Gargaro

0413 202 259
View Profile
Tony Gargaro photo

Tony Gargaro

0411 222 766
View Profile