Sunshine West industrial property sells for $1.6 million

An industrial investment property in Sunshine West has sold for $1,610,000.

This represents a building rate of $1,389.13, and a yield of 5.46%.

Comprising a total building area of 1,159 square metres, with a 220 square metre ground and first floor office component, this corner property benefits from a large front hardstand area ideal for loading and unloading capabilities and a fully secure and gated entrance.

The building is situated on 1,948 square metres of industrial 3 zoned land.

Positioned on the corner of Vella Drive and Grace Court, the holding provides access to the Western Ring Road, Somerville Road, Boundary Road, Fairbairn Road and is only 15kms to the Melbourne CBD.

It is currently leased to Empire Red Event Solutions, who are returning $87,975 per annum net on a 3-year lease.

The property was listed by Daniel Philip and Leo Mancino of CVA.