155 Newlands Road
155 Newlands Road
155 Newlands Road
155 Newlands Road
155 Newlands Road
155 Newlands Road
Industrial/Warehouse
ID 9570
Updated
Sold

Coburg Drive-in – 155 Newlands Road, Coburg North Vic

155 Newlands Road

Coburg North, Victoria, 3058

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  • Size670 SQM 
  • Description
  • Building Information
  • Location
  • Agents

Description

Iconic Site – 10 Year Lease – Significant Land Holding

- Landmark site within inner north location
- Excellent connectivity to Melbourne CBD (approx. 11kms), Port of Melbourne (approx. 13kms) and Melbourne International Airport (approx. 17kms)
- 10 year triple net lease guaranteed by Village Cinemas Australia Pty Ltd
- Commencing rental of $597,000 p.a. net
- Fixed annual 3% rental increases
- Significant land holding of 8.1 hectares within constrained market
- Industrial 1 zone
- Multitude of future redevelopment options (STCA)
- High underlying land value underpins the asset

Location

Agent

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