Consisting of five titles of approx. 220sqm each for a total land area of 1,106sqm. The property has been used as an extremely successful, printing business for over 14 years. The current lease term expires on 30th November 2023 and the current rent is $66,791+GST plus outgoings. A further term of 3 years will commence on 1st Dec 2023 with new rent of $75,000+GST+outgoings and one further 2-year option and Annual Rent reviews of 4% or CPI (whichever higher) on 30/11/2024, 2025 & 2026. There is a re-development clause in the lease.

The building is an aged brick and iron construction in good condition of 628m2 NLA. The entire property is used by the printing company and parking for approximately 15 cars is available. The property further features corner street frontage to Acton Ave and Francisco Street.

Situated on five separate titles with full four street frontage (2 being ROW) the property in the future, could very simply present to the market as five green titles for residential development. Our preliminary enquiries to the City of Belmont, show that it may be feasible to be constructed up to 2-3 storey of a mixed use development residential / commercial.

Expressions of interest

Title Details 81-89 Acton Avenue, Rivervale
• 81 Acton Ave – 1/D21345 Volume 2882 Folio 79 size 212m2
• 83 Acton Ave – 2/D21345 Volume 2882 Folio 80 size 228m2
• 85 Acton Ave – 3/D21345 Volume 2882 Folio 81 size 228m2
• 87 Acton Ave – 4/D21345 Volume 2882 Folio 82 size 228m2
• 89 Acton Ave – 5/D21345 Volume 2882 Folio 83 size 210m2
*Note attached – ROW and road widening provisions and sewer search.

Local Authority
City of Belmont

Zoning
Zoned Commercial
City of Belmont TPS No. 15 (TP515)

Interest Offered
100% Freehold – all five titles to be sold with existing lease to commercial building of 628m2.

Current rent payable is $66,791 pa + GST + outgoings. A further term of 3 years and new rent of $75,000 + GST + outgoings commencing on 1/12/2023 with one further 2-year option. There is a re-development clause applicable to the new term. There are annual rent reviews of 4% or CPI (whichever higher) on 30/11/2024, 2025 & 2026. Personal guarantees in place.