Altona 4 Drake Boulevard

Rutherfords Real Estate is pleased to exclusively present 4 Drake Boulevard, Altona, an outstanding tenanted investment opportunity situated within Melbourne's highly sought-after inner-western commercial and industrial precinct.

Strategically positioned with excellent exposure to Drake Boulevard and convenient access to Kororoit Creek Road, the West Gate Freeway and Western Ring Road, this modern 625m²* showroom is securely leased to Angkor International Music Pty Ltd, offering investors a long-term lease through to December 2031, two further five-year options and fixed annual rental increases of 3.5%.

The additional fitout contribution is payable under the existing lease arrangement over the original 10-year lease term, providing purchasers with an additional income stream for the remaining repayment period.

BUILDING AREAS
Ground Floor Showroom: 430m²*
First Floor Office: 195m²*
Total Building Area: 625m²*

INVESTMENT HIGHLIGHTS
Established tenant – Angkor International Music Pty Ltd10-year lease commencing 1 January 2022Lease expiry: 31 December 2031Two further options of five years eachFixed annual rental increases of 3.5%Combined Annual Income from 1 January 2027: $153,880.66pa + GST + outgoingsNet lease structure with tenant outgoings contributionsAdditional fitout repayments payable for the remaining repayment period under the leaseLong-term investment with secure ongoing rental income
PROPERTY FEATURES
Modern, purpose-built two-level showroomHigh-clearance ground floor accommodationQuality first-floor office accommodationExcellent natural light throughoutRear roller shutter door providing convenient loading accessModern amenities and existing tenant improvementsProminent frontage to Drake BoulevardConvenient on-site parking within the developmentIndustrial 1 Zone (IN1Z)
For further information or to arrange an inspection, please contact:

Antony Di Censo
Rutherfords Real Estate
? 0481 386 101
✉️ antony@rre.net.au

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