190A Holt Parade

Thomastown VIC 3074

A well-built asset already occupied by a renowned tenant, this is what it means to be in the right place at the right time. The package starts with 948 sqm* of Thomastown land and a 510 sqm* warehouse/office hybrid building, including 61 sqm* of office space and a 79 sqm* mezzanine. Northern Tile Distributors are happily paying $67,980 per annum to occupy after their July 2023 move-in, and their agreement will see a 3+3 year lease also include 3% annual increases with a market review at option. There are 12 generous off-street parks, a fully gated entry, a three-phase power supply, a motorised container height roller door, and an internal clearance of 6 m* but whats beyond 190a is just as valuable. Bunnings, Supercheap Auto, Ampol, and Harvey Norman are around the corner, and so is Metropolitan Ring Road getting you central in 45 minutes.

- Currently tenanted to Northern Tile Distributors Pty Ltd.
- $67,980 per annum in leasing income.
- Non-retail lease.
- A 3+3 year agreement commenced in July 2022 with 3% annual increases.
- Director personal guarantees
- 510 sqm* total building area.
- 948 sqm* total land area.
- Industrial 1 zoning.
- 6 m* internal clearance and motorised container height roller door.
- 12 allocated off-street car parks.
- Substantial gated hardstand area.
- 900 m* to Metropolitan Ring Road.

POINT OF VIEW:
Normally wed advise against judging a book by its cover. But with a building mirroring the beauty of a solid tenancy, this is actually an open (play)book for lucrative investing in Melbournes dynamic north.

*Approx.
Pricing excludes GST