SOLD

Thomastown 57 Northgate Drive

Sold

$16M
Warehouse

SUPERB INVESTMENT OPPORTUNITY - BLUE CHIP TENANT WITH LONG TERM LEASE!

Rutherfords are pleased to offer this outstanding investment located in the heart of Thomastown. This building is a large manufacturing site secured by outstanding tenants with long term leases. The site features dual street access, high power and gas supply along with huge front and rear loading areas.

Total Building Size: 13,667sqm
Total Land Area: 28,570sqm

Property Features:
Large Power and Gas Supply 2 Street Access Recessed Docks Front and Rear Yard and Loading Partitioned and Open Plan Offices Superb Freeway Access Huge Frontage Located in one of Thomastown's best streets
Lease Details:

57A Northgate Dr, Thomastown:
Tenant - Howe & Company (Howe Leather)
Commencement Date - 1/12/18
Lease Term - 7 years
Current Rent - $930,000.00 + Gst and Outgoings
Increases - Fixed 3%
Security - $425,000.00

57B Northgate Dr, Thomastown:
Tenant - Worthington Composites
Commencement Date - 4/5/19
Lease Term - 5 years
Current Rent - $122,520.00 + Gst and Outgoings
Increases - Fixed 4%
Security - $31,242.75


Please Contact Bryce Williams on 0408 166 291 to inspect.



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Sold
$16M

Warehouse

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57 Northgate Drive, Thomastown
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57 Northgate Drive, Thomastown