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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.
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