836 Mountain Highway,
Bayswater, VIC 3153
Warehouse, Factory & Industrial • Development Sites & Land • Other
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JLL - Melbourne
Level 33, 101 Collins StreetMELBOURNE, VIC 3000
836 Mountain Highway
Bayswater, VIC 3153
Map of 836 Mountain Highway
RARE TRIPLE-NET LEASED INVESTMENT ON SIGNIFICANT LANDHOLDING
- Secure Long-WALE Cashflow
- High exposure site in known precinct
- Income upside & large landholding
Dawkins Occhiuto and JLL are pleased to present an exceptional opportunity to secure a long-term leased industrial investment underpinned by its high underlying land value and redevelopment potential.
836 Mountain Highway, Bayswater is a highly functional office warehouse conveniently located approximately 33km east of the Melbourne CBD. The property enjoys a strategic location with main road frontage and convenient proximity to Eastlink and the Eastern Freeway.
The property is 100% leased to Rosebank Engineering, a subsidiary of the ASDAM Group, on a new 11-year triple-net lease until January 2036. With guaranteed income growth, this prime Industrial 1 zoned property represents an exceptional investment and landbanking opportunity not to be missed!
Key features of the offering include:
+ New 11-year triple-net lease to Rosebank Engineering expiring January 2036
+ Current Net Passing Income of $594,104 p.a.*
+ Significant rental increase to $1,268,550 p.a.* from January 2026 onwards (107% increase)
+ Gross lettable area of 8,457sqm* (office/warehouse)
+ A capital works program to upgrade the existing base building is currently underway, which is funded by the tenant’s lease incentive and managed by the tenant
+ 1.87ha* high exposure Industrial 1 zoned site
+ Over 294m* of combined corner frontage
*approx.
This property is offered for sale via Expressions of Interest closing Wednesday, 21 August 2024 at 3.00pm (AEST).
Please contact exclusive selling agents, Dawkins Occhiuto and JLL, for more information.
836 Mountain Highway, Bayswater is a highly functional office warehouse conveniently located approximately 33km east of the Melbourne CBD. The property enjoys a strategic location with main road frontage and convenient proximity to Eastlink and the Eastern Freeway.
The property is 100% leased to Rosebank Engineering, a subsidiary of the ASDAM Group, on a new 11-year triple-net lease until January 2036. With guaranteed income growth, this prime Industrial 1 zoned property represents an exceptional investment and landbanking opportunity not to be missed!
Key features of the offering include:
+ New 11-year triple-net lease to Rosebank Engineering expiring January 2036
+ Current Net Passing Income of $594,104 p.a.*
+ Significant rental increase to $1,268,550 p.a.* from January 2026 onwards (107% increase)
+ Gross lettable area of 8,457sqm* (office/warehouse)
+ A capital works program to upgrade the existing base building is currently underway, which is funded by the tenant’s lease incentive and managed by the tenant
+ 1.87ha* high exposure Industrial 1 zoned site
+ Over 294m* of combined corner frontage
*approx.
This property is offered for sale via Expressions of Interest closing Wednesday, 21 August 2024 at 3.00pm (AEST).
Please contact exclusive selling agents, Dawkins Occhiuto and JLL, for more information.
Bayswater, 3153 demographic data
12,262
Population
$1,598 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
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836 Mountain Highway,Bayswater, VIC 3153 8600 m²Warehouse, Factory & Industrial • Development Sites & Land