1 Gilbert Drive Altona North VIC 3025

Jones Real Estate is privileged to present 1 Gilbert Drive, Altona North to the market For Sale via Public On-Site Public Auction on Thursday 27th October 2022 at 12:30pm. Quoting $2,700,000 - $2,800,000.

The site itself is nestled amongst major national tenants: Bunnings Warehouse, Woolworths, Officeworks, JB Hi-Fi, Aldi, Repco, Pet Stock, Autobarn, Supercheap Auto, BCF, Reading Cinemas, The Reject Shop. It also benefits from a high volume of foot traffic that flows throughout the centre and surrounding retailers.

Key highlights of this investment opportunity include:

- A modern concrete precast constructed corner freehold investment with 845sqm* of total building area and 14 car parks on title.

- Securely leased on a long term 12-year commitment to 'Relax & Play Pty Ltd' returning $161,522.02 per annum plus GST & Outgoings with options to 2036.

- Favourable 3.0% fixed annual increases to compliment a long term six (6) month bank guarantee supporting the lease.

- A strategic landholding of 864.7sqm* zoned Commercial 2, providing long term flexibility for a multitude of uses^.

- Positioned in the Millers Junction Shopping Village & Business Park an undeniable true activity centre precinct with 24,000 cars passing daily and directly adjoining destination retailers (including Woolworths, Bunnings Warehouse, Aldi, Officeworks, BCF, JB Hi-Fi, Supercheap Auto, The Reject Shop + more!) underpinning the long-term viability of business' within the precinct!

*Approx.
^ Subject to council approval

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.