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836 Mountain Highway, Bayswater, VIC, 3153

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836 Mountain Highway, Bayswater, VIC, 3153

Bayswater

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836 Mountain Highway, Bayswater, VIC, 3153

Bayswater

SOLD
836 Mountain Highway, Bayswater, VIC, 3153

836 Mountain Highway, Bayswater, VIC, 3153

Properties / Sold / Victoria / Bayswater
Tenanted Investment
Selling Method
EOI
Land Area
1.87 hectares (*approx)
Floor Area
8457 sqm (*approx)
Property Type
Industrial
Terms
11-year triple-net lease
Est. Income
$594,104 p/a
Fully Leased
Rosebank Engineering
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RARE TRIPLE-NET LEASED INVESTMENT ON SIGNIFICANT LANDHOLDING
  • Secure Long-WALE Cashflow
  • High exposure site in known precinct
  • Income upside & large landholding

Dawkins Occhiuto and JLL are pleased to present an exceptional opportunity to secure a long-term leased industrial investment underpinned by its high underlying land value and redevelopment potential.

836 Mountain Highway, Bayswater is a highly functional office warehouse conveniently located approximately 33km east of the Melbourne CBD. The property enjoys a strategic location with main road frontage and convenient proximity to Eastlink and the Eastern Freeway.

The property is 100% leased to Rosebank Engineering, a subsidiary of the ASDAM Group, on a new 11-year triple-net lease until January 2036. With guaranteed income growth, this prime Industrial 1 zoned property represents an exceptional investment and landbanking opportunity not to be missed!

 Key features of the offering include:

  • New 11-year triple-net lease to Rosebank Engineering expiring January 2036
  • Current Net Passing Income of $594,104 p.a.*
  • Significant rental increase to $1,268,550 p.a.* from January 2026 onwards (107% increase)
  • Gross lettable area of 8,457sqm* (office/warehouse)
  • A capital works program to upgrade the existing base building is currently underway, which is funded by the tenant’s lease incentive and managed by the tenant
  • 1.87ha* high exposure Industrial 1 zoned site
  • Over 294m* of combined corner frontage

*approx.

This property is offered for sale via Expressions of Interest closing Wednesday, 21 August 2024 at 3.00pm (AEST).

Please contact exclusive selling agents, Dawkins Occhiuto and JLL, for more information.

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Tenanted Investment
Tenanted Investment

Investment Summary

Property Type
Industrial
Est. Income
$594,104 p/a
Tenant
Rosebank Engineering
Terms
11-year triple-net lease
Land Area
1.87 hectares (*approx)
Floor Area
8457 sqm (*approx)
Selling Method
EOI
EOI Closing Date
21 Aug 2024 03:00PM

Investment Highlights

RARE TRIPLE-NET LEASED INVESTMENT ON SIGNIFICANT LANDHOLDING
  • Secure Long-WALE Cashflow
  • High exposure site in known precinct
  • Income upside & large landholding

Dawkins Occhiuto and JLL are pleased to present an exceptional opportunity to secure a long-term leased industrial investment underpinned by its high underlying land value and redevelopment potential.

836 Mountain Highway, Bayswater is a highly functional office warehouse conveniently located approximately 33km east of the Melbourne CBD. The property enjoys a strategic location with main road frontage and convenient proximity to Eastlink and the Eastern Freeway.

The property is 100% leased to Rosebank Engineering, a subsidiary of the ASDAM Group, on a new 11-year triple-net lease until January 2036. With guaranteed income growth, this prime Industrial 1 zoned property represents an exceptional investment and landbanking opportunity not to be missed!

 Key features of the offering include:

  • New 11-year triple-net lease to Rosebank Engineering expiring January 2036
  • Current Net Passing Income of $594,104 p.a.*
  • Significant rental increase to $1,268,550 p.a.* from January 2026 onwards (107% increase)
  • Gross lettable area of 8,457sqm* (office/warehouse)
  • A capital works program to upgrade the existing base building is currently underway, which is funded by the tenant’s lease incentive and managed by the tenant
  • 1.87ha* high exposure Industrial 1 zoned site
  • Over 294m* of combined corner frontage

*approx.

This property is offered for sale via Expressions of Interest closing Wednesday, 21 August 2024 at 3.00pm (AEST).

Please contact exclusive selling agents, Dawkins Occhiuto and JLL, for more information.

Read More
Tenanted Investment

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836 Mountain Highway, Bayswater, VIC, 3153

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Property Location of 836 Mountain Highway, Bayswater, VIC, 3153

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836 Mountain Highway, Bayswater, VIC, 3153 Bayswater
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