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Units 1, 8 & 9, 13 Downard Street, Braeside, VIC, 3195

2. Property Highlights

SUBSTANTIAL INVESTMENT SPREAD ACROSS SEVERAL TITLES
  • Two (2) titles being sold as one (1)
  • 3 buildings with a value-add opportunity
  • Leased to international company

Gross Waddell ICR and Mindacom Real Estate are pleased to present for sale an exceptional investment opportunity known as Units 1, 8 & 9, 13 Downard Street, Braeside. Situated within a tightly held industrial precinct, this property comes securely leased to a global giant who operators in over 140 countries and offers potential rental reversion upside or future value-add opportunities (STCA).

• Securely leased to the highly acclaimed Toro Australia, whose parent company is listed on the New York Stock Exchange

• Five (5) year lease plus two (2) further terms of five (5) years commencing on the 1st July 2022

• Substantial passing income of $1,456,162.5* net per annum (as at 1st July 2023)

• Strategic land holding of 28,560 sqm* with only 58%* site coverage

• Favourably zoned Industrial Zone 1 (IN1Z)

• Sprawling 16,520 sqm* of building spread across three (3) various warehouse & office facilities

• Potential rental reversion or value-add potential at market review or post lease expiration

• Tightly held precinct and in close proximity to Moorabbin Airport, DFO Moorabbin, Decathlon, Costco, Mordialloc plus much more

• Ideal connectivity being only meters from the Mordialloc Freeway and close to Eastlink

The property is for sale via Expressions of Interest closing at 3 pm on Wednesday 28th of June 2023. For further information or to inspect the property, please contact Gross Waddell ICR or Mindacom directly.

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3. Property Location

Units 1, 8 & 9, 13 Downard Street, Braeside, VIC, 3195

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4. Due Diligence

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Units 1, 8 & 9, 13 Downard Street, Braeside, VIC, 3195 Braeside
Gross Waddell ICR
Gross Waddell ICR
Level 1, 30 Collins Street Melbourne VIC 3000
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