89 – 97 northern road west heidelberg
DESCRIPTION
Butera & Company is delighted to offer 89 – 97 Northern Road West Heidelberg for sale.TRANSCRIPT
A sweet investment.Fully fitted bakehouse/food production facility.
butera& company
For Sale by Expression of Interest closing 16 July 2014 at 4pm
Information Memorandum
Northern Rd West Heidelberg
89-97
www.buteraandcompany.com www.northernrdheidelberg.com.au
Quality retrof itted warehouses.Baked to perfection.
Butera & Company is delighted to offer 89 – 97 Northern Road West Heidelberg for sale.
On offer, a bakehouse/food manufacturing facility leased to Kerry Group until August 2015, returning $415,045 per annum (approx.) net.
The facility is spread over 3 buildings on 3 individual titles. The building area as a whole is 4,308 square metres on a total site area of 6,145 square metres.
The property is being offered for public sale via an Expression of Interest (EOI) program which closes 16 July at 4 pm. Offers to purchase are invited by this time.
Further detail including a contract of sale and vendor statement is available upon request by contacting:
David Butera M 0424 388 348 T 03 9347 1588 [email protected]
Robert Butera M 0411 630 036 T 03 9347 1588 [email protected]
Introduction
Northern Rd West Heidelberg
89-97
02
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Plenty Rd
Northern Rd
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Location Plan
Executive Summary
Northern Rd West Heidelberg
89-97
04
Address
89 – 97 Northern Road West Heidelberg
Description
The offering comprises 3 interconnecting office/warehouses each on their own individual title.
89 Northern Road: Office 354 sqm, Warehouse 1,119.90 sqm
93 Northern Road: Office 354 sqm, Warehouse 1,119.90 sqm
97 Northern Road: Office 59.85 sqm, Warehouse 1,301.12 sqm
Location
The property is within 10 kilometres north east of the Melbourne CBD and is located within the densely populated and fully developed West Heidelberg industrial precinct. Within close proximity are La Trobe University, Northland Shopping Centre and the Austin Hospital.
Zoning
Industrial 3 Under the City of Banyule Planning Scheme.
Improvements
Existing Improvements comprise 3 individual buildings which have been retrofitted to create a bakehouse/food manufacturing facility. The buildings incorporate a number of fixtures and fittings which are included within the sale – freezers, racking and cool rooms. Other features include substantial power, gas and water supply together with an all weather canopy for loading and unloading.
Method of Sale
The property is being offered for public sale via an Expression of Interest (EOI) program which closes 16 July at 4 pm. Offers to purchase are invited by this time.
Lease Profile
Existing lease to Kerry Group expiring August 2, 2015. Kerry will not be exercising its option. The current rental income is $415,045 per annum net with a market review due 3 August 2014.
Terms of Sale
To be offered with the lease in place, the terms of sale call for a 10% deposit, with a flexible settlement timeline available.
The Opportunity
Bakehouse/Food manufacturing facilities are extremely rare to locate. Especially one that has the track record of supporting the calibre of the current tenant.
With a lease expiry in August 2015, the opportunity for an industry participant to purchase the property, with the fixtures and fittings, earn the income until expiry and then relocate into the property provides a unique and unparalleled opportunity.
Alternatively, if the future occupier is not in the food industry, the buildings are highly versatile and can easily be returned to generic office/warehouse status, each with their own title, features and amenity.
Northern Rd West Heidelberg
89-97
The improvements comprise 3 interconnecting industrial buildings each with office, warehouse and amenities. The openings between the walls provide versatility in terms of potentially 3 individual tenancies or for one potential occupier over a total office/warehouse footprint 4,308 square metres.
The buildings have on-site parking, substantial power supply equivalent to 2,800 amps, gas and a 50mm water supply.
The individual building areas in approximate form are as follows:-
89 Northern Road Land Area 2,047 sqmWarehouse Area 1,119.90 sqmOffice Area 354 sqm
93 Northern RoadLand Area 2,049 sqmWarehouse Area 1,119.90 sqmOffice Area 354 sqm
97 Northern RoadLand Area 2,049 sqmWarehouse Area 1,301.12 sqmOffice Area 59.85 sqm
Total Building Area 4,308.77 sqmTotal Site Area 6,145.00 sqm
Improvements and site particulars
06
T 03 9347 1588 A 65 Elgin Street Carlton VIC 3053
www.buteraandcompany.com www.northernrdheidelberg.com.au
89 – 97 Northern Road West Heidelberg is being offered for sale by expressions of interest. There is no guarantee that the highest bidder will be successful and that it shall be a matter solely for the vendor at its sole and unfettered discretion as to whom they proceed with and upon what conditions to proceed. Prospective purchasers are not to rely on any matters written in this information memorandum (which are provided solely to assist prospective purchasers) or stated by the agent or its employees but must make their own enquiries and may only seek to rely upon representations contained in the contract and section 32 statement.
The information contained in the report is published by Butera and Company Pty Ltd (“the Agent”) for the Vendor, solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries with respect to the property. The Agent will not assume liability for negligence or otherwise for the material contained in this report. Any liability on the part of the Agent, its employees or agents for loss or damage in any claim arising out of or in connection with this brochure other than liability which is totally excluded by this clause, shall not (whether or not the liability results from or involves negligence) exceed $1,000. The Vendor and their respective associates, including their employees, officers or any person purporting to act on behalf of them, do not make any warranty or representation, and disclaim all liability in respect of the report or the transactions contemplated by the report (including any liability resulting from or involving negligence) to the maximum extent permitted by law.
butera& company
David Butera 0424 388 348
Robert Butera 0411 630 036
Northern Rd West Heidelberg
89-97