Long lease underpinned by Australian Icon Bunnings
SOLD
259 Middleborough Road
Box Hill VIC 3128
Showrooms/Bulky Goods
FOR SALE
14406m2
New building on substantial site
ââ¬Â¢ Large site of 3.268 hectares approximately
ââ¬Â¢ Zoning Industrial 1 with a Town Planning permit for restricted retail
ââ¬Â¢ New Bunnings Showroom. Total area 14,406 sqm approximately
ââ¬Â¢ Substantial on-grade car parking for 395 cars
ââ¬Â¢ Substantial depreciation and building allowances
High Profile Location
ââ¬Â¢ High profile location on the corner of Middleborough Road and Clarice Road in Box Hill approximately 16km east of the Melbourne CBD
ââ¬Â¢ Strong demographics supported by large residential population in surrounding suburbs
ââ¬Â¢ Very limited land supply in the Box Hill area will underpin future potential
Long Lease to Bunnings
ââ¬Â¢ 12 year lease to Bunnings Group Limited expiring 19th June 2019
ââ¬Â¢ Income $1,723,962 pa plus outgoings
ââ¬Â¢ Fixed increases of 3% per annum
For Sale by Expressions of Interest closing 9th April 2009 at 4pm.
ââ¬Â¢ Large site of 3.268 hectares approximately
ââ¬Â¢ Zoning Industrial 1 with a Town Planning permit for restricted retail
ââ¬Â¢ New Bunnings Showroom. Total area 14,406 sqm approximately
ââ¬Â¢ Substantial on-grade car parking for 395 cars
ââ¬Â¢ Substantial depreciation and building allowances
High Profile Location
ââ¬Â¢ High profile location on the corner of Middleborough Road and Clarice Road in Box Hill approximately 16km east of the Melbourne CBD
ââ¬Â¢ Strong demographics supported by large residential population in surrounding suburbs
ââ¬Â¢ Very limited land supply in the Box Hill area will underpin future potential
Long Lease to Bunnings
ââ¬Â¢ 12 year lease to Bunnings Group Limited expiring 19th June 2019
ââ¬Â¢ Income $1,723,962 pa plus outgoings
ââ¬Â¢ Fixed increases of 3% per annum
For Sale by Expressions of Interest closing 9th April 2009 at 4pm.