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10-12 Hocking Street Coburg North, VIC 3058

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10-12 Hocking Street,
Coburg North, VIC 3058

Warehouse, Factory & Industrial

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High Yielding Industrial Investment!

A rare investment of industrial food grade or warehouse nature located at 10-12 Hocking Street, Coburg North is available for Sale.

The property features include:
- Ground floor area: 1,142m2*
- 1st Floor area: 752m2
- Total building area: 1,893m2*
- Superb 7.5 - 8 metre* internal height for versatile storage use
- Currently leased to Entouragefoods Pty Ltd
- Current rental return: $144,000 pa + GST and outgoings (Rent to increase to $148,320 p.a on 19th August 2016)
- Lease term of four (4) years from 19th August 2015 + four (4) years to follow
- 3% annual increases
- Security bond: 6 months + GST
- Tenant also currently occupies 2 surrounding buildings

The tenant Entourage Foods Pty Ltd together with sub-tenant New Zealand based The Chocolate & Confectionary Company Pty Ltd recently purchased the equipment and product lines for Ernest Hiller and Newman's in late 2014 and manufacture their chocolate products that have been produced for over 100 years.

The property is superbly located in the well known industrial pocket of Coburg North, and is surrounded by main arterials including Sydney Road / Hume Highway and Bell Street and provides quick access to the Hume Highway for connection to every region in Melbourne.

For further information please contact CVA Property Consultants. (Auction Terms:30 / 60 / 90 days)

Property ID: 501992742Last Updated: 6 Nov 2018

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10-12 Hocking Street
Coburg North, VIC 3058

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