4 Drake Boulevard,
Altona, VIC 3018
Shops & Retail • Showrooms & Large Format Retail • Warehouse, Factory & Industrial
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CBRE - Melbourne
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
4 Drake Boulevard
Altona, VIC 3018
Map of 4 Drake Boulevard
NEW 10 YEAR NET LEASE
- INCOME OF $136,924 PA*
- BRAND NEW 10 YEAR LEASE WITH OPTIONS
- SIGNIFICANT DEPRECIATION BENEFITS
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
+ 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
Property ID: 504168699Last Updated: 28 Dec 2022
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Lemon BaxterLevel 1, 68 Clarke Street
SOUTH MELBOURNE, VIC 3205
SOUTH MELBOURNE, VIC 3205
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