33 Pound Road West, Yarram, VIC, 3971

Fitzroys is proud to offer for sale over 9ha* of agricultural land located in a major service centre for coastal communities in Gippsland, a Victorian regional area destined to be unearthed. The property is leased to a blue chip tenant in the agribusiness industry on a long term, triple net lease returning $395,000* per annum.

KEY INVESTMENT HIGHLIGHTS

- Returning $395,000* 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: 9.095ha*

- 226.48m* Pound Road West frontage

- Total building area: 1,477sqm*

- Two level office & staff amenities: 186sqm*

- 1,044sqm* storage & blending area comprising 10 fertiliser storage bays and 7 hopper Ranco Volumetric Blenders with undercover weighbridge

- Lockable workshop & storage shed with bunkers

- Gravelled hardstand/truck parking/turning area

- Wash bay area with pump shed with collection sump and dam

- Fully bunded 10,000 litre diesel fuel storage area

33 Pound Road West, Yarram is part of The Gibsons Groundspread Property Portfolio. Other assets include:

- 2194 Princes Highway, Rosedale

- 980 Longford-Sport Road, Dutson

- 100 School Road, Bayles

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

*approx

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