High Profile Location and New 10 Year Lease

SOLD

557 Mount Derrimut Road

Derrimut VIC 3030

Industrial

FOR SALE

28024m2

557 Mount Derrimut Road comprises a 2 level modern architecturally designed office with a dado constructed warehouse, large canopy and enormous external heavy duty hardstand. Located on this hardstand are three 6-10 tonne gantry cranes divided over three bays. Internally within the warehouse there are 7 bays each with 6 – 10 tonne gantry cranes.

The property is located near the corner of Boundary and Mount Derrimut Road’s within the Gilbertson Industrial Estate. The property is just two kilometers east of the Western Ring Road and approximately 15 kilometres from the CBD and Ports.

- Building Area: 28,024 sqm approx including 1,024 sqm of office area
- Site Area: 64,610 sqm approx
- Tenant Covenant: The property is leased to Gam Steel Service recently acquired by NYSE listed CMC (Commercial Metals
Company)
- Lease Term: 10 years
- Further Term: 6 years
- Income Summary: $1,877,620 pa net