4 Drake Boulevard,
Altona, VIC 3018

CBRE and Lemon Baxter are offering for sale 4 Drake Boulevard, Altona comprising the following details:

+ Recently constructed showroom of 625sqm*

+ 10 year lease to Angkor Music International – a specialist Music supplier focusing on a variety of instruments, sound equipment and storage solutions, servicing a wide customer base spanning the local, interstate & international markets

+ Annual Income of $136,924*

+ Strong and certain rental growth with annual compounding 3.50% increases

+ Significant tax saving depreciation benefits

+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings

+ Excellent connectivity to Kororoit Creek Road, one the area’s main arterial roads servicing over 41,000 vehicles daily^

+ Within an established industrial and residential precinct, set to benefit from significant government infrastructure investments

+ Just 14km* from the Melbourne CBD, 10km* to Port Melbourne and the Princes Freeway & West Gate Freeway connections all within 3km*

+ Surrounded by major business including the Nike, QUBE, Toll, DHL, Linfox, BGC, Bunnings, Woolworths and Aldi


For information please contact the marketing agents below:

CBRE:

Scott Hawthorne
+61 400 861 0...
scott.hawthorne@cbre.com.au

Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng 王敬君
+61 411 059 116
jj.heng@cbre.com.au

Jaycen Willox
+61 418 378 007
jaycen.willox@cbre.com


Lemon Baxter:

James Matina
+61 431 283 5...
james@lemonbaxter.com.au

Ned Kukic
+61 404 227 0...
ned@lemonbaxter.com.au



*Denotes Approximately
^Vic Roads