Substantial Corner with 5 Year Lease to Pizza & Grill Co.
- Current NET income: $236,088* p.a. +GST
- 5 Year Lease to Pizza & Grill Co
- Substantial land area: 4,570 sqm* (C2Z)
ICR Property Group are pleased to present For Sale a strategic investment opportunity at 2-10 Camp Road, Campbellfield.
This high-profile corner with massive exposure from passing traffic is situated on the corner of the Hume Hwy & Camp Road with visible access to the Western Ring Road, and surrounded by high-profile large format retailers including those within the adjacent Campbellfield Plaza.
Key features of 2-10 Camp Road:
- Total NET Income $236,088* p.a. +GST
- Land area: 4,570 sqm*
- Building area: 908 sqm*
- Surrounded by multinational retailers: Aldi, Coles, Enzed, Dan Murphy’s, Kia, KFC, Kmart, Krispy Kreme, Ibis, Officeworks AND adjacent to Campbellfield Plaza
- High profile corner with massive exposure. Hungry Jacks is next door
- Sixty-one (61)* car spaces with two access points
- Access from Hume Hwy & Camp Rd
- Signage rights (STCA)
- Commercial 2 Zone (C2Z)
- Pizza & Grill Co. - $206,636* p.a. +GST
- Lease term: Five (5) Years
- Commencement date: 1 June 2020
- Fixed 5% Annual increase & 5% increase at Option
- Further Option: One (1) Further term of five (5) Years
- Outgoings paid by Tenant
- Licence to Hungry Jacks Pty Ltd
- For use of driveway access & signage rights (2-10 Camp Road)
- Fee: $29,452 p.a.* + GST
- Western Ring Road Metropolitan Ring Road: 300 m*
- Campbellfield Plaza (Kmart, Coles, Officeworks, Aldi, Australia Post, Bakers Delight): 350 m*
- Gowrie Train Station (Upfield line): 1.6 kms*
- Northcote Leisure Centre: 2.4 kms*
- Tullamarine International Airport: 12 kms*
- Melbourne CBD: 22 kms*
If you would like to know more about this investment opportunity, please contact one of ICR’s Exclusive Sales Agents below:
Raff De Luise – 0418 533 633
Julian Materia – 0498 188 011
***Note on inspections***
Private on-site inspections are currently not permitted due to the Stage 4 lockdown. Once the restriction has been lifted, there will be opportunities to inspect the property.
Looking to Sell, Lease or Develop your Property? Contact ICR Property Group, the experts in Commercial Real Estate for over 22 years.