Bing Property Group is pleased to offer for sale an exciting investment opportunity in Airport West. On offer is a high yielding industrial / commercial investment opportunity with significant medium to long-term development upside. Sale via Expressions of Interest closes on Thursday 13th of August 2015. The terms of purchase are a 10% deposit, with the balance payable in 30 or 60 days.

Location:

The subject property is located on the northern elevation of Fraser Street approximately 300 metres west of the intersection with the Tullamarine Freeway, in the north-western Melbourne suburb of Airport West. Surrounding development comprises a mix of modern and older style industrial buildings of a small to medium calibre with a dominant feature in the area being the Essendon Airport Development (Essendon Fields) situated some 400 metres to the east. Throughout the greater locality there is a predominance of freestanding residential dwellings, whilst the Melbourne Tullamarine Airport is situated approximately 5 kilometres to the north-west.

Improvements:

With approximately 2,240m2 of improvements onsite, the property features older-style industrial workshop with attached refurbished offices and amenities. There are multiple structures and a large hardstand area with the site having dual access with rear entry from King Street.

Income:

The property is securely leased to a blue-chip organisation, RUAG Australia. Currently retuning $175,000 net per annum, the property is leased until November 2018, with a further five (5) year option in place.