Blue Chip Investment Opportunity
Cameron Real Estate is pleased to offer for sale via Expressions of Interest, a tantalising investment opportunity located at 6 Brand Road, Knoxfield.
Leased to national insurance giant Vehicle Repair Hub Pty Ltd , a subsidiary of Insurance Australia Group Limited. Boasting over 15 locations Australia wide and more planned on the horizon, they are showing no signs of slowing down. Securely leased on a five (5) year term commencing 1st October 2020 with two further terms of five (5) years each and returning $170,000pa + all outgoings and GST, blue chip offerings like this don’t come around often.
It is estimated that RepairHub has invested over $1 million in to the fitout and setup of their newest facility showing the long term commitment from this renowned long term tenant.
Property features include:
– 1,700sqm clear span warehouse
– Dual electric roller shutter doors
– 241sqm first floor air conditioned office space
– High bay LED lighting throughout
– Ample undercover parking
– Dual access driveway
– Fully refurbished staff break room and Male/Female amenities
– 3 phase power with large power supply
– Impressive central location only moments from Eastlink and the Monash Freeway
Tenant- Vehicle Repair Hub Pty Ltd (Subsidiary of IAG Group, an ASX20 listed company)
Rental – $170,000pa + outgoings + GST
Start Date – 1/10/2020
Lease Term – 5 years
Further Term – 2x Five (5) year terms
Rent Review – 3% pa
Expressions of Interest closes on Wednesday 14th April 2021 at 2pm.
Get in touch to arrange a private inspection and copy of the contract of sale.