140 Northcorp BoulevardBroadmeadows VIC 3047
Property Details for 140 Northcorp Bvd, Broadmeadows
Last Listing description (November 2022)
A rare opportunity to purchase an investment with long lease and secure tenant (food industry). Attractive yield, corporate business park location and a strong bank guarantee, this is a stand out investment. At close to land value (currently under rented) this is a real opportunity.
Office: 561m2
Processing, freezer + cool rooms: 2020m2
Total Building Size (approx): 4,666m2
Land Size 9,835m2
Summary of Lease Terms:
Lease Term: 5 years
Further Terms: Two further terms of 5 years each
Rental: $605,000p.a.+ GST + outgoings
Commencement: 1st January 2022
Increases: 3% or CPI whichever is the greater
Market reviews: at option - 1/1/27 and 1/1/32
Guarantee: Equal to $332,750 (6 months rental)
Features:
- A grade tenant
- State of the art food processing facility
- Brand new food grade warehouse
- 1000amps of power (approx.)
- Impressive fitout
- Corporate Business Park
- 2.4km to Hume Hwy
- 2.6km to Northern Ring Rd
- 22km to CBD
-Melbourne produce market 11km away
Contact Drew Williams 0408 013 968 Today!
Disclaimer:
All sizes are approx
Property History for 140 Northcorp Bvd, Broadmeadows, VIC 3047
- 17 Nov 2022Sold for $10,500,000
- 06 Jul 2022Listed for Sale Sale price $11,000,000
- 14 May 2020Listed for Sale $6,000,000 to $6,300,000
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0About Broadmeadows 3047
The size of Broadmeadows is approximately 8.4 square kilometres. It has 13 parks covering nearly 14.2% of total area. The population of Broadmeadows in 2016 was 11970 people. By 2021 the population was 12524 showing a population growth of 4.6% in the area during that time. The predominant age group in Broadmeadows is 30-39 years. Households in Broadmeadows are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broadmeadows work in a labourer occupation.In 2021, 46.90% of the homes in Broadmeadows were owner-occupied compared with 47.10% in 2016.
Broadmeadows has 6,676 properties. Over the last 5 years, Houses in Broadmeadows have seen a 17.40% increase in median value, while Units have seen a 20.21% increase. As at 31 March 2026:
- The median value for Houses in Broadmeadows is $683,192 while the median value for Units is $527,076.
- Houses have a median rent of $495 while Units have a median rent of $485.
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