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

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

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

Properties / Sold / Victoria / Braeside
Tenanted Investment
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1. Property Summary

Selling Method
Expression of Interest
Selling Details
Contact Agent
Land Area
28,560 m² (*approx)
Floor Area
16520 m² (*approx)
Property Type
Industrial, Other
Sub-type
Office/Warehouse, Warehouse Showroom
Terms
Five (5) year lease plus two (2) further terms of five (5) years commencing on the 1st July 2022
Est. Income
$1,456,160 p/a
Fully Leased
Toro Australia
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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.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1. Property Summary

Property Type
Industrial, Other
Sub-type
Office/Warehouse, Warehouse Showroom
Est. Income
$1,456,160 p/a
Tenant
Toro Australia
Terms
Five (5) year lease plus two (2) further terms of five (5) years commencing on the 1st July 2022
Land Area
28,560 m² (*approx)
Floor Area
16520 m² (*approx)
Selling Method
Expression of Interest
Selling Details
Contact Agent

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.

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

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

Property Map
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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