2194 Princes Highway, Rosedale, VIC, 3847

Fitzroys is excited to offer for sale, 2.5ha* industrial zoned site located at the edge of Rosedale town centre. Featuring dual street access and a massive Princes Highway frontage, the property is leased to blue chip tenant in the agribusiness industry on a long term, triple net lease returning $569,000* per annum.

KEY INVESTMENT HIGHLIGHTS

- Returning $569,000* per annum

- 10-year leaseback

- 5 + 5 year options

- Triple net lease structure

- Fixed 3.0% annual reviews

- Leased to Gibsons Groundspread Pty Ltd, Victoria’s leading agricultural distributor and spreader of bulk fertiliser, lime and compost with 70 years’ experience

PROPERTY FEATURES

- Total land area: 2.506ha*

- Industrial 1 Zone (IN1Z)

- Two street frontages with over 122m Princes Hwy exposure offering excellent access to a key state transport infrastructure

- Two level office with amenities: 128sqm*

- 886sqm* storage & blending area

- Heavy vehicle workshop with amenities, service area & container sheds

- Undercover weighbridge

- Retractable steel shed & external bunkers

- Wash bay area

- Fully bunded 20,000 litre diesel fuel storage area

- Significant gravel hardstand area

2194 Princes Highway, Rosedale is part of The Gibsons Groundspread Property Portfolio. Other assets include:

- 980 Longford-Sport Road, Dutson

- 33 Pound Road West, Yarram

- 100 School Road, Bayles

For further information, please contact one of the exclusive representatives.

*approx.

Remember to mention you found this property on CommercialReady