10 Sydney Road, BAYSWATER VIC 3153 SOLD
- Income: $111,953 pa + GST + Outgoings
- New 5 year lease to longstanding tenant
- Blue chip tenant - ARC/Infrabuild
Description
Gorman Commercial is pleased to offer Unit 1, 10 Sydney Road, Bayswater for Sale by Public Auction on Wednesday 21st August at 12 noon on-site.
On offer is a secure industrial investment, leased to longstanding tenant, The Australian Reinforcing Company (ARC) and conveniently positioned near the intersection of Mountain Highway and Stud Road.
Key property features include:
* Leased to The Australian Reinforcing Company (ARC), a brand of Infrabuild
* Income: $111,953 pa + GST + Outgoings
* New Five (5) year lease from January 2024 plus one further option of Five (5) years
* Triple NET lease, with land tax and management fees included in recoverable outgoings
* Valuable annual CPI rental increases throughout the term of the lease
* Building area: 965 sqm approx.
* Six metre internal warehouse ceiling height
* Two roller doors providing excellent entry/exit for trucks and deliveries
* Leased to long standing tenant in occupation for over 30 years
* ARC is a brand of Infrabuild, a national steel manufacturing, distribution and recycling business
* Recent internal renovation works completed by Tenant to upgrade amenity of property.
* Surrounded by excellent arterial routes (Mountain Highway, Stud Road & Eastlink) and within one of Melbourne’s most in demand industrial precincts.
**Due to the nature of the Tenant's business and health and safety reasons, please arrive promptly for the inspection times. Please confirm prior to attending and advise the agent if you are late or unable to make it for schedule time.