4 Drake Boulevard, Altona, Vic 3018

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 Ltd
- 10-year lease commencing 1 January 2022
- Lease expiry: 31 December 2031
- Two further options of five years each
- Fixed annual rental increases of 3.5%
- Combined Annual Income from 1 January 2027: $153,880.66pa + GST + outgoings
- Net lease structure with tenant outgoings contributions
- Additional fitout repayments payable for the remaining repayment period under the lease
- Long-term investment with secure ongoing rental income

PROPERTY FEATURES
- Modern, purpose-built two-level showroom
- High-clearance ground floor accommodation
- Quality first-floor office accommodation
- Excellent natural light throughout
- Rear roller shutter door providing convenient loading access
- Modern amenities and existing tenant improvements
- Prominent frontage to Drake Boulevard
- Convenient on-site parking within the development
- Industrial 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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