6 Drake Boulevard,
Altona, VIC 3018
Warehouse, Factory & Industrial • Showrooms & Large Format Retail
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Lemon Baxter
Level 1, 68 Clarke StreetSOUTH MELBOURNE, VIC 3205
6 Drake Boulevard
Altona, VIC 3018
Map of 6 Drake Boulevard
NEW LONG TERM NET LEASE IN PLACE WITH A QUALITY TENANT
- INCOME OF $130,000 PA*
- BRAND NEW 8.5 YEAR LEASE WITH OPTIONS*
- SIGNIFICANT DEPRECIATION BENEFITS
Lemon Baxter is offering for sale 6 Drake Boulevard in Altona comprising a separately titled, recently constructed showroom available to start or add to your investment portfolio.
FEATURES & BENEFITS:
| Recently constructed showroom of 625sqm* situated on a high exposure gateway location
| Base rental income of $130,000p.a*
| 8.5 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
| 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
| Ample car parking available on site
| Rear Roller Shutter Door Access
| Double-glazed windows
| Excellent connectivity to Kororoit Creek Road, one of 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 businesses including Nike, QUBE, Toll, DHL, Linfox, BGC, Bunnings, Woolworths and Aldi
An inspection is essential to fully appreciate the quality, style and location.
Please reach out to either of the marketing agents below for additional information or an inspection.
James Matina
0431 283 5...
james@lemonbaxter.com.au
Ned Kukic
0404 227 0...
ned@lemonbaxter.com.au
* Approximately
^Vic Roads
FEATURES & BENEFITS:
| Recently constructed showroom of 625sqm* situated on a high exposure gateway location
| Base rental income of $130,000p.a*
| 8.5 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
| 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
| Ample car parking available on site
| Rear Roller Shutter Door Access
| Double-glazed windows
| Excellent connectivity to Kororoit Creek Road, one of 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 businesses including Nike, QUBE, Toll, DHL, Linfox, BGC, Bunnings, Woolworths and Aldi
An inspection is essential to fully appreciate the quality, style and location.
Please reach out to either of the marketing agents below for additional information or an inspection.
James Matina
0431 283 5...
james@lemonbaxter.com.au
Ned Kukic
0404 227 0...
ned@lemonbaxter.com.au
* Approximately
^Vic Roads
Property ID: 504262704Last Updated: 5 Jun 2023
Lemon BaxterLevel 1, 68 Clarke Street
SOUTH MELBOURNE, VIC 3205
SOUTH MELBOURNE, VIC 3205
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