14 International SquareTullamarine VIC 3043
Property Details for 14 International Sq, Tullamarine
Last Listing description (November 2023)
POINT OF INTEREST:
An investment so grand itll return plenty more than that; this is industrial equity on an even bigger scale. The three street frontages should set the scene on the grandiose nature of the asset, and to back it up theres 2,319 sqm* of land and 1,748 sqm* of building area to be bought here. The wide, square shape of the building makes for ideal clearspan warehousing, with dual roller door access and great truck loading and maneuverability a given thanks to the amount of real estate here. Theres a significant hardstand at your disposal, leveraging ample car spaces too. With that said, its no wonder its occupied the tenant is Refresco Australia Pty Ltd and has been here since October 2011. The leasing income currently stands at $152,980.90 plus GST & Outgoings, with an annual increase of the lesser of CPI or fixed amount of 3%. Whether youre looking to keep it this way, or perhaps move in at a later date getting here is as simple as jumping on the Tullamarine Freeway, Western Ring Road, or landing at Tullamarine Airport.
- Current rent return of $152,980.90 plus GST
- Lease term : Three years from 1st October, 2022
- Further term: Three Years
- 2,319 sqm* total land area.
- 1,748 sqm* total building area.
- Commercial 2 zoning.
- Three street frontages.
- Secure steel fences and wide electric gate
- Dual roller door access with large hardstand.
- 1.8 km* to Western Ring Road.
- 3 km* to Melbourne Tullamarine Airport.
POINT OF VIEW: Quite literally, three out of four sides making this building 50% more exposed than the standard commercial offering. And with a floorplan over 2.3K sqm*, if youre not shy about taking up real estate, this asset isnt either.
*Approx.
Pricing excludes GST
Property History for 14 International Sq, Tullamarine, VIC 3043
- 11 Nov 2024Sold for $3,900,000
- 18 Oct 2023Listed for Sale Contact Agent
- 11 Oct 2013Listed for Sale Not Disclosed
Recent sales nearby
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About Tullamarine 3043
The size of Tullamarine is approximately 7.5 square kilometres. There are 10 parks, covering nearly 3.4% of the total area. The population of Tullamarine in 2016 was 6605 people. By 2021 the population was 6733 showing a population growth of 1.9% in the area during that time. The predominant age group in Tullamarine is 30-39 years. Households in Tullamarine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tullamarine work in a clerical occupation.In 2021, 62.10% of the homes in Tullamarine were owner-occupied compared with 62.40% in 2016.
Tullamarine has 5,965 properties. Over the last 5 years, Houses in Tullamarine have seen a 15.73% increase in median value, while Units have seen a 14.62% increase. As at 31 July 2026:
- The median value for Houses in Tullamarine is $811,264 while the median value for Units is $583,949.
- Houses have a median rent of $600 while Units have a median rent of $550.
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