Fitzroys is delighted to offer for sale, over 62ha* of agricultural land located in one of Victoria’s regional growth areas.
The property features a corner location with combined street frontage of 1,800 metres* and is leased to a blue-chip tenant in the agribusiness industry on a long term, triple net lease currently returning $210,000* per annum.
KEY INVESTMENT HIGHLIGHTS
- Returning $210,000* 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: 62.64ha*
- Dual street access with 588.7m* Longford-Loch Rd frontage
- Connects directly to the South Gippsland Hwy (9km west)
- Total building area: 406sqm*
- Single level office comprising a reception area, staff room, kitchen, amenities & mezzanine storage
- 158sqm* adjoining workshop area with an open storage area of 109sqm*Compost screening plant
- Container sheds with 5,000 tonne* undercover storage capacity
- Fully bunded 60,000 litre diesel fuel storage with 5,000 litres Add-Blue storage
- Wash bay with pump shed with collection sump & three dams
- 1.4ha gravel hardstand
- Fully bunded gravelled composting area 1.4ha (estimated) with 30,000 tonne product storage capacity
980 Longford-Sport Road, Dutson is part of The Gibsons Groundspread Property Portfolio. Other assets include:
- 2194 Princes Highway, Rosedale
- 33 Pound Road West, Yarram
- 100 School Road, Bayles
For further information, please contact one of the exclusive representatives.
*approx
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