Mulcahy Butera is delighted to offer for sale a securely leased Industrial Freehold in one of inner northern Melbourne's premier industrial locations.

14 & 14a Brex Crt Reservoir comprises 1 lease over 2 adjoining factory/warehouses, each of approximately 673 sqm, including a first floor office of 32 sqm.

Built circa 1976, the buildings are predominantly brick and besser block in construction, with a metal roof. Each building is self-contained except for 2 openings within the factory wall.

Building Attributes:

- Clear Span with a springing height between 4.20* – 4.70* metres
- Roller Door height circa 4.24* metres
- Allocated car parking as part of the original Plan of Subdivision

In September 2022, a lease was struck with 'Suk Workwear' a high profile Industrialwear designer and manufacturer, with a use primarily for storage and distribution for its network of customers. We invite you to view their website - www.sukworkwear.com.au

The Lease particulars:

Term - 5 Years, comm. 1 Sept 2022
Option -Three further terms of 5 Years
Rental - $148,526.34* as at 1 Sept 2024
Rental Review - 3% annual increases
Outgoings - Payable by lessee, including Land Tax on a single holding basis

Location:

14 & 14a Brex Court Reservoir is located on the northern side of Brex Court, approximately 60 metres west of its intersection with Radford Road.

Public transport is available via a bus route along Radford Road and is in close proximity to Edwardes Street and Newlands Road to the property’s south and Mahoneys Road to its’ north. In terms of major arterials, the Metropolitan Ring Road and Western Ring Road are within a short distance north of the property.

Conclusion:

14 & 14a Brex Court Reservoir represents a rare opportunity to secure a Industrial Investment in the heart of inner Melbourne.


Consider the highlights:

✓ Securely leased, high profile Occupier
✓ 1 title - 2 buildings - NO OWNERS’ CORPORATION
✓ Prominent street frontage
✓ Industrial 1 zoning.
✓ Proximity to arterial routes and public transport

We highly recommend your consideration of this industrial opportunity.



* approx.