2/11-13 Lakewood Boulevard, Braeside, VIC, 3195

Burgess Rawson is pleased to offer to the market 2, 11-13 Lakewood Boulevard, Braeside VIC for sale via Investment Portfolio Auction 162.

The property has the following investment highlights:

+ Renewed 3 year lease to October 2025 plus option to 2028.

+ Precise Air Group: wholly owned subsidiary of Fujitsu General Ltd, listed on the Tokyo Stock Exchange (TYO:6755) with a market cap of $3.43B.

+ Precise Air is one of Australia's leading national providers of heating, ventilation and air-conditioning.

+ Landlord preferred, net lease terms with tenant paying all usual outgoings including land tax.

+ Annual fixed compounding 3% rent increases, assuring rental growth.

+ Well-presented modern office warehouse totalling 598 sqm* with 9 car-spaces on site.

+ Rental return significantly below market value at $120p/sqm ? uplift potential.

+ Excellent street exposure and irreplaceable parklands outlook.

+ Easy access to major arterials including Boundary Road, Springvale Road, Mornington Peninsula / Mordialloc Freeway, Dingley Bypass, Dandenong Bypass and Eastlink.

+ Strong demand asset class with record low vacancy rates and significant rental uplift across the nation.

+ Net Income: $72,100 pa* + GST (Oct 2023).

To be sold by Investment Portfolio 162 Auction

10:30am AEST Wednesday 2nd August 2023

Crown Casino, Melbourne.

SHAUN VENABLES

0411 860 865

svenables@burgessrawson.com.au

DAVID NAPOLEONE

0417 308 067

dnapoleone@burgessrawson.com.au

RICK JACOBSON

0413 830 083

rjacobson@burgessrawson.com.au

*approx.

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