+61 3 8566 7633

info@bosisto.com.au

   

1/33 Fennell St

Port Melbourne VIC 3207

Description

  • Prime City Fringe Location
  • 4.5% Annual Increases
  • Additional Secure Outdoor Storage

An outstanding opportunity to secure a modern, office/warehouse investment in the heart of Port Melbourne. Located in Wirraway Drive and only 3kms* from Melbourne's CBD, while offering immediate access to City Link and the West Gate Freeway.

Comprising a total building area of 202m2, including a fully enclosed 65m2 office, and 80m2 rear additional enclosed yard at the rear. The property offers a highly functional and versatile layout which supports a strong long term investment tenant. Current tenant has been located here since 30th of May 2023.

Key Features:
- Air conditioning and carpet in office areas
- Prominent corner location.
- Additional side secure yard area of 80m2 with roller door access
- 2 onsite car spaces
- Front Unit with absolute street frontage
- Amenities and kitchenette
- 2 roller doors
- Secure fenced outdoor side storage area accessible via roller door
- 3 phase power connected to ground floor

Investment Details:
- Leased to Sky5
- $54,600 Net pa + GST rental return
- New 3 year lease from 30/05/2026
- 4.5% yearly fixed increases with market review at commencement of further terms

Contact Agents for further details or to arrange inspection.



Detail

Price: Contact Agent

Property Status: Sale

Category: Industrial/Warehouse, Showrooms/Bulky Goods, Offices

Land Area: 226 m2

Municipality: City of Port Philip

Exclusivity: exclusive

Current Lease Ends: 30/05/2029

Building Area: 202 m2

Parking Type: On-site parking available

Car spaces: 2

Parking Information: Free on street all day car parking

Zoning: Commercial Zone 2

Tenant Occupancy: tenanted

Occupancy Title: Whole building

Age / Year Build: 2010

Availability: Now

Condition: Excellent

Council Rates $pa: 3600

Water Rates $pa: 850

Land Tax $pa: 990

Owners Corporation / Insurance $pa: 4700

Roller Doors: 2 X Container height roller doors

Levels: 2 level office showrooms

NBN/Data/Telecoms

3 Phase Power

Universal Access

Air-Conditioning Offices

Security System

Amenities

Shower

Kitchenette

Arterial Road / Freeways

Bus Route

Port Access

Tenant: Sky5

Lease Terms: 3 Yrs

Lease Commencement Date: 30/05/2026

Annual Rental $/pa net: $54,600

Rent Reviews: 4.5%

Security Deposit: 6 Months Rent

Property ID: com14466


Address

16/88 Wirraway Drive PORT MELBOURNE VIC